Betclic Everest losses narrow in SBM H1s
Part-owner sees net loss from online operator cut by more than one third.
Betclic Everest Group is expected to record net losses of 43.2m for the six months ended 30 September, according to the latest financial results from part-owner La Societé des Bains de Mer.
The Monaco-based hotel and casino group, which owns 50% of the French-licensed egaming operator, saw its losses from the business reduce by 34.7% year-on-year, from 33.1m to 21.6m.
According to Les Echos the group spoke positively of the plans put in place by chief executive Ignacio Martos to revive Betclic Everest, with the operator’s September agreement with Playtech resulting in a migration of the Betclic and Everest poker rooms to the software provider’s iPoker network last month.
This followed Betclic Everest buying out GigaMedia’s stake in the Everest poker and casino offerings, however the intervening period has seen a number of personnel changes.
Ricardo Domingues, regional director for Southern Europe and Latin America, stepped down in July following “strategic differences” with Martos, while head of sportsbook Andy Wright moved to Ladbrokes to take on the role of trading director with the London-listed operator.
Meanwhile Betclic Everest subsidiary bet-at-home saw co-founder and joint-MD Jochen Dickinger move on after 14 years for personal reasons.