Online Sales Decline At Casinos Austria
By Casinomeister, Last updated Apr 10, 2015
2014 was the first time in years that performance at Win2Day slowed
The Casinos Austria group, which has enjoyed a stellar performance from its online subsidiary Win2Day for years, has reported that 2014 revenues from the operation declined for the first time due to growing competition and a decline in online poker activity in Europe.
Turnover at Win2Day shrank by 1.6 percent year-on-year to Euro 1.18 billion, reported CEO Karl Stoss.
The land and online Casinos Austria group overall reported a net profit of Euro 41.7 million in 2014, a commendable turnaround on the Euro 16.3 million loss recorded in 2013.
Casinos Austria's online gambling assets may generate the biggest revenue, but the strongest earnings were created by the group's traditional lottery business, which climbed to Euro 586 million.
The company's gaming arcades business grew, hiking revenues by 15 percent y-o-y to Euro 635 million, whilst sports betting subsidiary Tipp3 contributed growing revenues of Euro 50 million.
The group continued to struggle in foreign markets, resulting in cost-cutting measures and some closures.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
