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!

5mins ago someone from United States played Miss Kitty

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
    29
  • Members Online
    411
  • Guests
    1,738
Highest Community Rated Online Casinos
SlotsMillion
  (114 Ratings)
32 Red Casino
  (374 Ratings)
Guts Casino
  (211 Ratings)
Club USA Casino
  (307 Ratings)
Mr Green Casino
  (323 Ratings)
Buzzluck Casino
  (189 Ratings)
Lucky Red Casino
  (242 Ratings)
Videoslots.com
  (182 Ratings)
Nexxedge
  (57 Ratings)
Bet365 Games
  (198 Ratings)
NextCasino
  (182 Ratings)
Betsson Casino
  (246 Ratings)
CasinoLuck
  (251 Ratings)
JackpotLuck Casino
  (24 Ratings)
Unibet Casino
  (169 Ratings)
Betsafe Casino
  (222 Ratings)
Redbet Casino
  (179 Ratings)
Casino Adrenaline
  (37 Ratings)
ComeOn Casino
  (288 Ratings)
Spin Palace Casino
  (134 Ratings)
Casino Extreme
  (199 Ratings)
Raging Bull
  (81 Ratings)
Vera John Casino
  (205 Ratings)
Thrills Casino
  (166 Ratings)
Slotland
  (357 Ratings)
Intertops Red Casino
  (143 Ratings)
BETAT Casino
  (226 Ratings)
Ladbrokes Casino
  (170 Ratings)
InterCasino
  (159 Ratings)
Slotty Vegas
  (135 Ratings)


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