Bet-at-home.com reported gross gaming and betting income of € 62.3 million and EBITDA of € 15.8 million, during the publication of its financial results for the first half of 2020.
“The impact of the pandemic has been noticeable since mid-March 2020, when international sporting events were canceled or postponed,” the company said in a statement.
“However, in this phase, the demand for alternative betting offers changes almost unchanged, as customers of the bet-at-home.com group switch to eSports and marginal sports,” specifically.
Although it indicated that:
“With the step-by-step resumption of gaming activities in Europe’s national football leagues in May 2020 and the postponement of major events such as the Champions League and the Europa League, the summer months, generally low-income, they are positively influenced”.
Bet-at-home.com expects international tennis tournaments to resume in the second half of this year.
“The online gaming segment that includes casino, live casino, virtual sports and poker was not adversely affected by the pandemic,” the company revealed.
It further stated that “from the current perspective, the board of directors still expects gross earnings from betting and gaming between € 120 and € 132 million in the financial year 2020.”
Regarding the decline in gross gaming and gaming revenue compared to fiscal 2019, it attributed short-lived results to “legal restrictions in individual markets.”
“A possible decrease in revenue due to regulatory changes in Germany cannot currently be estimated and is therefore not considered,” the statement added.