Betclic growth drives betting revenue up 5.7% at FL
FL Entertainment went public in July. It was created via a merger with Pegasus. Online sports and betting revenue for the nine months to the end of September amounted to €591.0m (£508.6m/$617.1m). This included €477. 1m from sportsbook operations, up by 7.5% year-on-year. Casino revenue declined 6. 5% to€71.8m, but online poker revenue increased by 8.7% and other revenue jumped 56. 8% to €7.2m.
Betclic revenue was up 5.7% at FL Entertainment. Bet-at-home revenue down 11.0%. Betclics revenue increased by 15%. The BetClic business has been hit by the exit from Austria. The business lost a legal battle against a consortium of players in Austria and announced it would be exiting the market. In July, BetHome surrendered its GB licence and withdrew from the markets. The company made a pre-tax loss of €35.1m compared to a €14.2m profit in the previous year.
