SOURCE: ATE Online

Betinternet.com PLC announced that it had achieved profitability at EBITDA level for the full year despite a challenging time for the gaming industry. The online betting group said its European Wagering Services continued to progress well and has a growing customer base, while its sportsbook continued to benefit from the new website portal.

In a statement, the company added that the withdrawal of Neteller's services from the US gaming market hurt operations in January and February, while alternative payment solutions were sought.

Managing director Garry Knowles said the company was continuing to make good progress and sees further improvement in the forthcoming year due to the changes introduced during the period, along with the continued development of both the sportsbook and EWS websites.