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mybet Holding SE closes Poker offering as they convert to a new IT platform

DGAP-News: mybet Holding SE / Key word(s): Strategic Company Decision

2016-06-24 / 08:48
The issuer is solely responsible for the content of this announcement.

mybet Holding SE closes Poker offering as they convert to a new IT platform

Kiel, June 24, 2016. Already in the Annual Report 2015 the Management Board of mybet Holding SE had announced to assess the activities in the poker area. Now the Management Board has come to a decision: mybet is going to close its Poker offering as of June 30, 2016.

"The Poker business contributed with only a minor share to our revenue and delivered virtually no contribution to the operating result of the group. In addition, we do not see a sufficient growth potential in this area to support the operational turnaround in the short term. From our point of view, continuing our Poker offering was not expedient, especially in the light of the upcoming introduction of the new mybet platform", explains Zeno Osskó, CEO of mybet Holding SE. Currently all Poker clients are being informed about the processes to handle their client accounts and the possibilities to have existing credit balances paid out.

The group generated revenues of around EUR 1.0 million in the financial year 2015 from Poker, compared to annual total revenues of EUR 63.0 million. Since 2014, the company is conducting a fundamental strategic reorientation. Key focus is the sports betting and casino games as well as the implementation of a new high-performance IT platform for the whole product range. The introduction of the new platform is planned to take place between the middle of July and the beginning of August.

mybet Holding SE
The mybet Group, licensed in several European countries to offer sports betting and online casino games, has its registered office in Kiel, Germany, and locations in Berlin, Hamburg, Cologne and Malta. mybet offers its betting and gaming products over the internet platforms mybet.com and mybet.de as well as at physical betting shops operating under a franchise system. In addition the group supplies regional betting providers in Europe and Africa in the capacity of B2B service provider.
mybet Holding SE is the parent company of the mybet Group. The shares of mybet Holding SE (ISIN DE000A0JRU67) are listed on the Frankfurt Stock Exchange in the Prime Standard.
For further information, visit www.mybet-se.com

mybet Holding SE
Sebastian Bucher
Investor & Public Relations

tel +49 30 22 90 83-161
fax +49 30 22 90 83-150

2016-06-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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