Intertwetten's Record Highs in 2019 Are Positive Signs of Things to ComePublished February 12, 2020 by Lee R
New leadership and resilience have marked the latest growth for sports bet pioneer Intertwetten.
Malta-based sports betting provider Intertwetten has reached a new 30-year high for 2019, indicating that 2020 will take the company to new levels of commerce.
The Main Gain
The key figure was Interwetten's gross gaming revenue growth figure of 25% year-on-year for 2019, for €99.5m ($109.9m) in revenue.
Betting Stakes Record
The most successful financial year in Interwetten's history also delivered a 30% rise in betting stakes to top €2bn for the first time ever.
The centurion revenue totals further boosted the company’s EBITDA margin 22.4%, for whopping 64% growth.
In the presence of a major football event for the year, Interwetten called the results "particularly remarkable.”
Intertwetten Leader Speaks
New Interwetten Speaker of the Board (CEO) Dominik Beier, who joined Interwetten at the start of 2019 as the operator’s youngest leader in history, called the great year “the result of fantastic teamwork and achievements across all company divisions.”
Beier called the results all the more remarkable in view of the major regulatory changes that took place last year, attributed the organisation's resilience to a size and structure that enables them to work “flexibly and quickly.”
Of Interwetten's strategy moving forward, Beier asserts that "it is now important to continue to go full power,” with growth for 2020 driven by the European Football Championship and expansion into new, regulated, markets.
Interwetten is continuing a market tradition of leadership and sports betting specialisation.
Since its 1990 inception, foundation, Interwetten has offered sports betting, live betting, casino play, live casino and games via the online internet commerce category. In 1997, Interwetten became the second company in the world to offer sports betting online.
Available in over 10 languages to players from over 200 countries, the 2019 record figures clearly indicate an upswell in the market for Interwetten, with preparedness to scale up now looming as the key task facing the sports bet pioneer to launch the new decade.