Czech betting operator Sazka Group has posted their first half 2019 financial results, noting a slip in sportsbetting numbers during the period.
Key financial indicators for the first half ending June 30th, 2019 were:
- Gross Gaming Revenues up 6% to €908.5 million
- Amounts wagered up 3.8% to €2.59 billion
- The majority of revenues came draw based lottery games, coming in at €468 million for draw games
- Passive lottery games down 9.9% to €26.8 million
- Sportsbetting numbers down 4.7% to €194.5 million, due to the FIFA World Cup being played last year
- Video lottery terminal numbers up 63.7% to €146.6 million
- Digital revenues up 335.5% to €10.3 million
- Lottery taxes of €283.2 million
- Net gaming revenues of €625.3 million, up 6.8% from last year
- Operating expenses down 2.2% to €461.2 million
- Agent commissions up 2.2% to €200.3 million
- Costs for consumables and services down 4.9% to €152 million
- Marketing costs up to €45 million
- Personnel expenses up 8.7% to €52 million
- Other operating expenses down 49.5% to €11.9 million
- EBITDA up 24% to €286.6 million