Betbull Holding SE
betbull Holding SE, formerly betbull plc, (‘betbull’) announces the release of the unaudited group consolidated financial statements for the nine months ended 30 November 2009

 
Betbull Holding SE / Quarter Results 
 
30.11.2009  
 
Dissemination of a Corporate News, transmitted by 
DGAP – a company of EquityStory AG. 
The issuer / publisher is solely responsible for the content of this announcement. 
 
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betbull Holding SE, formerly betbull plc,  (‘betbull’) announces the 
release of the unaudited group consolidated financial statements for the 
nine months ended 30 November 2009 
 
1. Financial highlights for the period 
 
  – Betting stakes of EUR 63.1m for the nine months down 14.7% compared to 
    EUR 74m in the same period last year. 
 
  – Net gaming revenue of EUR 9.1m for the nine months down 22.2% compared 
    to EUR 11.7m in the same period last year. 
 
  – EBITDA (including the joint venture in Madrid) of EUR (2.0)m for the 
    nine months down EUR (2.1)m compared to EUR 0.1m in the same period 
    last year. 
 
  – Cash position as at 30 September 2009 (including the joint venture in 
    Madrid) of EUR 4.9m compared to EUR 8.2m as at 31 December 2008. 
 
  – EBITDA excluding the joint venture in Madrid of EUR (0.5)m for the nine 
    months and cash position as at 30 September 2009 also excluding the 
    joint venture in Madrid of EUR 4.5m. 
 
2. Business highlights for the nine months 
 
Betting turnover for the first nine months of 2009 is down 14.7% at  
 
EUR 63.1m compared to the same period last year, whilst net gaming revenue 
has decreased by 22.2% to EUR 9.1m. EBITDA for the period, including the JV 
with bwin in Madrid, is EUR (2.0)m compared to EUR 0.1m in 2008. 
 
The results reflect a difficult trading period in QII in the German market, 
where the legislative position continues to be uncertain. 
 
In Spain, BBE finished the quarter with six premises open (four own shops 
and two agencies). The initial signs are very encouraging, particularly in 
the case of the company’s own shops. 
 
Commenting on today’s release Simon Bold, Director of betbull Holding SE, 
said: 
 
‘The first nine months of 2009 have produced declining trading figures due 
to the legislative position in Germany. The company has been adversely 
affected by a restriction on trading in certain regions, but continues to 
remain confident about the long term opportunity for retail betting in 
Germany and is able to adapt to the challenging short term circumstances. 
 
In Spain, BBE finished the quarter with six shops, four own and two 
agencies. The initial signs are very promising, particularly in the case of 
own shops, which in addition to betting revenues, are also benefiting from 
recent legislative changes in the gaming machine sector, which permits the 
installation of b3 machines and the introduction of higher jackpots. BBE 
will continue to pursue the concept of predominately fully licensed own 
shops, which have the possibility to offer electronic roulette, poker, 
bingo and traditional slots.  2010 will see further betting licences being 
available in Spain, with several regions already having published draft 
betting legislation. We are pleased with the development of our business to 
date and will seek to increase our representation in Spain.’ 
 
Read the complete News including tables here. 
 
  
 
– ENDS –   
 
Contact 
 
David De Marco, Group Finance Director 
 
d.demarco@betbull.com 
Phone +356 21494443 
Fax +356 21480132 
 
betbull Holding SE 
 
15 Fetter Lane, 
London EC4A 1JP 
United Kingdom 
 
Betbull Holding SE (formerly betbull plc) is registered in England & Wales 
under the Registration Number SE12 (formerly 05044730). 
 
This communication can be downloaded from the website www.betbullse.com. 
 
About betbull: 
 
betbull is an established provider of gaming centred retail entertainment, 
based in London.  betbull offers its customers principally horse and sports 
betting at licensed betting shops, complemented by slot machines, internet 
betting and sports bars.  betbull accepts bets based on licences in England 
and Wales, Malta and Germany, and is also licensed in Madrid, Spain.  In 
Germany, betbull products are available above all under the ‘Wettenleip’ 
brand.  In Madrid, Spain, betbull operates under the ‘w1nners’ brand.  
betbull itself has been quoted on the Third Market of the Vienna Stock 
Exchange since October 2004 (ISIN AT0000615331) and was established as a 
joint venture between Fun Technologies Plc and bwin Interactive 
Entertainment AG.  For detailed information on betbull, visit 
www.betbullse.com. 
 
 
30.11.2009  Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de 
 
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Language:     English 
Company:      Betbull Holding SE 
              15 Fetter Lane 
              EC4A 1JP London 
              Großbritannien 
Phone:        +356 21480131 
Fax:          +356 21480132 
E-mail:       info@betbull.com 
Internet:     www.betbullplc.com 
ISIN:         AT0000615331 
WKN:          A0DKM0 
Listed:       Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt; 
              Foreign Exchange(s) Wien 
  
End of News                                     DGAP News-Service 
  
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