Malta-licensed sports betting operator Interwetten saw new gaming revenue climb by 21 per cent to €50.2m 2015, while gross gaming revenue was up 19 per cent to €55m.
Betting turnover increased by 20 per cent to €951m.
Reporting the results, Interwetten board spokesman Werner Becher said: “Regulatory conditions forced us to withdraw from the UK, Hungary, Portugal and Bulgaria last year.
“Fortunately none of these countries have been core markets for Interwetten before. Nevertheless, thanks to strong investments in our unique products developed in-house and increased efficiency in marketing and CRM, 2015 will go down as by far the most successful year in the company’s history.”
With reference to the operators December 2014 return to the Greek market, Becher said: “We are very happy to run a legally compliant offer available at interwetten.gr for our Greek customers.
“The return to Greece helped Interwetten to diversify its market structure and pushed our revenue growth additionally.”
Becher also pointed to the operator’s stabilised market share in Spain with casino revenues for interwetten.es up by 68 per cent in the fourth quarter of 2015.
“Although the Spanish market is very competitive, and although Interwetten is not investing as much money into marketing as some of its competitors do, Interwetten successfully defended its top-10 market position [in Spain] in 2015.
“As there are not too many regulated markets in Europe offering economically reasonable conditions for online gaming providers, we pursue a long-term strategy in Spain being part of our core markets.”
