Bwin Notes Good YTD and Q3 Results


Positive movements in business

New YTD and Q3 results have been released by bwin Interactive pointing to positive increases in the business, which has been much in the news lately due to the announced merger with PartyGaming.

Q3 highlights

- Gross gaming revenues increased by sound development of sports betting, poker and games

- Sports betting margin and customer volume continue to grow

- 70-percent growth noted in number of active poker customers in France following regulation

- EBITDA affected by one-off expenses associated with the market entry in France and preparations to take advantage of forthcoming regulation in number of jurisdictions

- Merger with PartyGaming to bring competitive advantage due to synergies and scale in a multi-jurisdictional regulated market environment

Q3 2010 (pro forma consolidated)

- 22.1 percent growth in gross gaming revenues to EUR123.3 million (Q3/2009: EUR101.0 million)

- Sports betting margin increasing to 7.9 percent (Q3/2009: 7.1 percent)

- 14.3 percent increase in net gaming revenues to EUR95.3 million (Q3/2009: EUR83.3 million)

- 1,208,000 active and 299,000 new active real-money customers (increase of 14.1 percent and 15.6 percent respectively)

- EBITDA (adjusted*) of EUR9.8 million (Q3/2009: EUR16.8 million)

- Result after tax of EUR-6.0 million (Q3/2009: EUR7.9 million)

Year to date, ending with Sept. 30 (pro forma consolidated)

- All product segments noted growth

- EUR383.7 million of gross gaming revenues (Q1-Q3/2009: EUR313.7 million)

- EUR304.9 million of net gaming revenues (Q1-Q3/2009: EUR263.2 million)

- 2,263,000 active and 978,000 new active real-money customers (increase of 17.7 percent and 21.6 percent respectively)

- EBITDA (adjusted*) of EUR51.1 million (Q1-Q3/2009: EUR67.9 million)

- Result after tax of EUR8.7 million (Q1-Q3/2009: EUR26.9 million)

* Excluding non-cash expenses in connection with share-based payment (IFRS 2) and one-off effects in connection with proposed merger.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

1mins ago someone from United States read Rockbet review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    19
  • Members Online
    338
  • Guests
    2,148
Highest Community Rated Online Casinos
NextCasino
  (127 Ratings)
Bet365 Games
  (151 Ratings)
CasinoLuck
  (199 Ratings)
Betsson Casino
  (191 Ratings)
Redbet Casino
  (123 Ratings)
Unibet Casino
  (116 Ratings)
Spin Palace Casino
  (104 Ratings)
Slotty Vegas
  (92 Ratings)
Guts Casino
  (149 Ratings)
Mr Green Casino
  (259 Ratings)
Betsafe Casino
  (169 Ratings)
32 Red Casino
  (274 Ratings)
ComeOn Casino
  (211 Ratings)
BitCasino.io
  (153 Ratings)
Winner Casino
  (318 Ratings)
Vera John Casino
  (160 Ratings)
Intertops Casino Classic
  (97 Ratings)
Sin City Casino
  (81 Ratings)
Jetbull Casino
  (90 Ratings)
Liberty Slots Casino
  (153 Ratings)
Thrills Casino
  (114 Ratings)
Intertops Red Casino
  (108 Ratings)
Ladbrokes Casino
  (141 Ratings)
Casumo
  (113 Ratings)
BETAT Casino
  (174 Ratings)
Whitebet Casino
  (81 Ratings)
3Dice Casino
  (230 Ratings)
PlayHippo
  (64 Ratings)
Slotland
  (272 Ratings)
River Nile Casino
  (90 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus