2008 A GOOD YEAR FOR BWIN

17 April 2009

Europe's largest online gambling group sees revenues rise
 

The Vienna-listed online gambling group Bwin experienced rising gross gaming revenues across its range of betting products during the financial year 2008, with ggr growing to Euro 420.9 million (FY 2007: Euro 353.5 million).

Sportsbetting was again the star of the group's results, with ggr up 21.1 percent to Euro 235.4 million compared to the previous year, when ggr of Euro 194.3 million was achieved. Turnover in the division grew by 31.4 percent to Euro 2 927.4 million, much of it in the fourth quarter on UEFA Euro 2008 events and on the live betting product.

Online poker operations delivered a 14.2 percent increase in turnover to Euro 94.2 million (FY 2007: Euro 82.5 million), with the introduction of real money poker in Italy a milestone. Through its subsidiary Ongame, the Bwin group now boasts up to 45 000 players at the virtual poker tables simultaneously at peak times and guaranteed tournament prizes of over $15 million each month.

Online casino operations also showed increased activity, with turnover up 14.3 percent to Euro 70 million. Skill gaming jumped by 37.3 percent to Euro 21.3 million.     

Online Casino News Courtesy of Infopowa

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