Exclusive: Betclic Everest Group full-year revenues soar 27%

French operator Betclic Everest Group has continued its recent strong growth into 2019 after reporting a 27% year-on-year rise in net gaming revenue for the 12 months ended 30 June, EGR can reveal.

According to figures seen exclusively by EGR, the Paris-headquartered firm also recorded a 39% YoY rise in EBITDA during the 12-month period despite a substantial increase in gaming taxes.

The operator also saw monthly active players and first-time depositors increase 30% and 10% respectively.

The company declined to share the exact figures.

Betclic Group CEO Nicolas Beraud

Betclic Everest Group includes Betclic Group, which operates brands such as Betclic and Expekt, and online betting operator bet-at-home.

In an interview with EGR earlier this year, Betclic Group CEO Nicolas Beraud attributed the company’s growth to improved mobile products and a company restructure.

“The main goal was to redevelop all our mobile products and offer the best user experience to our customers.” Beraud told EGR Intel.

“We have been focused on that for two years, renovated our products completely and now our offer is very competitive again. We are growing significantly. On all our main markets, we are taking market shares in H1. The profitability is improving as well except in France because of the huge level of taxation.” he added.

Betclic Everest Group includes also online betting operator bet-at-home, which in July revealed a 95% increase in H1 profits.

Bet-at-home’s gross revenues climbed 6.7% to €71.1m during the six-month period, driven in part by improved margin as turnover climbed 5.6% to €1.59bn.

Earlier this week the Frankfurt-listed operator announced it had been hit with an €11.9m tax bill by the Austrian government for activities related to its Linz-based subsidiary during a five-year period.

However, bet-at-home said it would offset the bill by a lower tax burden in Malta.