Online gaming company reports 80% increase in turnover
By staff the global on-line gaming group has announced interim results for the 26 weeks ended 28 November 2004.

The company has reported that turnover increased by 80% to £47.06m for the 26 week period (2003: £26.20m) and Gross profit is up 32% at £1.48m (2003: £1.12m).

Commenting on the results, Denham Eke, chairman of betinternet, said: “These results show a sharply improved performance at EBITDA level and give me confidence that EBITDA profitability may shortly be achieved.

“The Company is now strongly placed to build upon the initial impressive growth of its pari-mutuel business, European Wagering Services. In addition, the recent successes of its casino and football game offerings are a blue-print for future expansion within the sportsbook business.”

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