STRONG PERFORMANCE FROM BWIN

13 February 2009

Even Q4 was positive despite challenging times

 

The giant Vienna-listed online gambling group Bwin has turned in a creditable full year and even final quarter performance despite the challenging economic times, recording record gross gaming revenues of Euro 420.9 million, a 19 percent increase over 2007's Euro 353.1 million.

Performance in the final quarter also defied the troubled economic times, with gross gaming revenues growing 15 percent to Euro 117.7 million, up from the Euro 102.2 million achieved over the same period in 2007.

The star performer for Bwin was once again its sportsbetting operations, where a record rise in gross revenue of 21.1 percent over the year saw it reach Euro 235.4 million (2007: Euro 194.3 million) delivering a sports betting margin of 8 percent. Running counter to the lower trend in other companies, Bwin's poker revenue also rose 14.2 percent over the year to reach Euro 94.2 million (2007: Euro 82.5million), while online casino revenue grew 4.3 percent to Euro 94.2 million (2007: Euro 82.5 million).

Other key performance indictaors in the report were:

Highlights for Q4 2008:

* Record gross gaming revenues: up 15.1 percent to Euro 117.7 million (Q4 2007: Euro 102.2 million)

* Record sports betting gross gaming revenue: up 8.5 percent to Euro 64.5 million (Q4 2007: Euro 59.5 million); sports betting margin of 8.1 percent

* Poker revenue: up 27.1 percent to Euro 27.7 million (Q4 2007: Euro 21.8 million)

* Casino revenue: up 19.5 percent to Euro 19.3 million (Q4 2007: Euro 16.1 million)

* Record games revenue: up 27.9 percent to Euro 6.2 million (Q4 2007: Euro 4.8 million)

* 1.2 million active and 323 000 new active real-money customers (Q4 2007: 900 000 active and 234 000 new active real-money customers)

Highlights for financial year 2008 (pro forma consolidated)

* Gross gaming revenues of Euro 420.9 million: up 19.0 percent (FY 2007: Euro 353.5 million)

* Record sports betting gross gaming revenue: up 21.1 percent to Euro 235.4 million (FY 2007: Euro 194.3 million); sports betting margin of 8.0 percent

* Poker revenue: up 14.2 percent to Euro 94.2 million (FY 2007: Euro 82.5 million)

* Casino revenue: up 14.3 percent to Euro 70.0 million (FY 2007: Euro 61.2 million)

* Games revenue: up 37.3 percent to Euro 21.3 million (FY 2007: Euro 15.5 million)

* 2.1 million active and 1.1 million new active real-money customers (FY 2007: 1.7 million active and 804 000 new active real-money customers)

Online Casino News Courtesy of Infopowa

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