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DATE: May 24 2012
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Poker.co.uk - Poker News Archive

Wednesday 11th February 2009

Record Gaming Revenues For Bwin

Leading betting and gaming provider Bwin Interactive Entertainment AG has announced that its gross gaming revenues for the fourth quarter of last year rose 15.1 percent to hit a record €117.7 million from 2007’s €102.2 million. The Vienna-based firm revealed that this would push its gross gaming revenues for the full year up by 19 percent to €420.9 million from the previous year’s €353.5 million. “Based on forecast gross gaming revenues for 2009 of €430 to €445 million, management anticipates an adjusted EBITDA of at least €100 million,” read the preliminary report from Bwin. “For the financial year 2008, the company expects an adjusted EBITDA of €65 million.” Bwin reported that sportsbetting gross gaming revenues also rose 8.5 percent when compared with the final quarter of 2007 to hit a record €64.5 million from €59.5 million with a margin of 8.1 percent while poker revenues also increased 27.1 percent to €27.7 million from €21.8 million. It revealed that casino revenues were up 19.5 percent to €19.3 million from €16.1 million for the fourth quarter of 2007 while games revenues rose a record 27.9 percent to €6.2 million from the previous year’s €4.8 million. Bwin had 1.2 million active and 323,000 new active real-money customers, which compares very favourably with the previous year’s 900,000 million active and 234,000 new active real-money customers. For the year as a whole, Bwin reported that sportsbetting gross gaming revenues rose 21.1 percent to €235.4 million with a margin of eight percent while poker revenues also increased 14.2 percent to €94.2 million. Casino revenues were up 14.3 percent to €70 million while games revenues rose 37.3 percent to €21.3 million. Finally, the Austrian company reported that it had 2.1 million active and 1.1 million new active real-money customers in 2008, which were up on 2007’s 1.7 million active and 804,000 new active real-money customers.

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Source: OnlineCasinoNews

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