Sportingbet set to meet full year expectations
The Australian business did well with its net gaming revenues (NGR) soaring 93 percent. The group added that the integration of Sportingbet Australia with the recently acquired Centrebet was completed ahead of schedule and the level of synergies realised was ahead of forecasts. “The enlarged business is the clear market leader in Australian fixed odds online sports betting and currently represents a substantial majority of the Group's EBITDA,” the group told investors this morning.
The surge in Australian NGR offset as 41 percent drop in gaming revenues in Europe, which was largely due to the impact of newly regulating countries and associated taxes. In addition, the Spanish market was closed for the first 35 days of the quarter until the licenced market was launched on June 5.
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