Poland’s Blacklist Hurts Bet-at-Home

August 1, 2018 by

Online operator Bet-at-Home has seen its share price in Poland drop by 10% in recent weeks, and the operator has blamed the blacklist in Poland for its huge decline in revenue.

The operator, which is listed in Frankfurt, which has been blacklisted by Poland for just over a year, has seen it’s gaming and betting gross revenue fall over the last six months. A financial statement released by the operator shows that from the beginning of the year to the end of June, they made a total of 66 million Euros, a 13% decline as compared to the same revenue from 2017.

They confirmed in their H1 statement that group betting and gaming volume had decreased by 10% year-on-year to 1.5 billion Euros. EBITDA of 11 m Euros was also down compared to last year’s 17.4 million Euros, partly because of the high costs of the FIFA World Cup.

Bet-at-Home explained that the main reason for the decline in betting and gaming revenue was the blocking measures put in place by the Polish government, which block all foreign betting and gaming operators. The block was put in place in July 2017, and has been called a “violation of European legislation,” according to Bet-at-Home.

The operator was one of the very first to be hit by the blacklist during the start of July last year, which took place three months after legislation was put in place that allowed unsolicited companies from offering gambling services to citizens of Poland.

TOP canadian CasinosMay 2024
1 IE allowed5/5$1000 CAD Play now
2 IE allowed4.9/5$800 CAD Play now
3 IE allowed4.8/5$350 CAD Play now
4 IE allowed4.7/5$1600 CAD Play now
5 IE allowed4.6/5$750 CAD Play now

Sophie Lise

More About

Sophie Lise has spent a long time enjoying the sights and sounds that Canadian casinos have to offer, and has paid particular attention to the slots this country provides access to. She has now opted to share what knowledge and information she has managed to gather along the way, and regularly contributes to CanadianOnlineSlots.net.
Her original thinking, honest, straightforward writing style, and uncanny ability to spot the next big thing has earned her many followers, and she enjoys engaging with her audience online. Passionate about casino industry news, Sophie ensures that her readers always know what’s hot and happening.

View Posts - Visit Website