Bwin predicts a good year


Austrian listed internet betting company releases Q1 2010 numbers

The top Vienna-listed European betting group Bwin Interactive was in bullish mood this week as it released its Q1 2010 numbers, posting a Euro 34.3 EBITDA and predicting a substantial increase in 2010 profit. Full-year 2009 earnings before interest, tax, debt and amortisation were confirmed at Euro 102.2 million.

Bwin’s first quarter 2010 gross gaming revenues were 12.5 percent up year-on-year, the Austrian operator reported, thanks mainly to a healthy contribution from Gioco Digitale.

The company announced that it is to pay a maiden dividend of Euro 0.60 a share.

Management reported that the group had successfully cut costs, and that efficient marketing had earlier helped lift fourth-quarter core earnings 79 percent.

Starting from the first quarter of this year Management expects Bwin's 2010 revenues to be boosted by its purchase of Italian online poker operator Gioco Digitale for Euros 115 million last year. Management says it will adapt its forecast for 2010 as soon as the timing for new product launches in Italy and details of the opening up of the French market are known.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

2mins ago someone from United States United States read Thebes Casino review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    10
  • Members Online
    262
  • Guests
    1,958
  • New Posts
    243

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Slotty Vegas
  (20 Ratings)
Jackpot Party
  (32 Ratings)
NextCasino
  (85 Ratings)
Bet365 Games
  (103 Ratings)
CasinoLuck
  (145 Ratings)
Betsson Casino
  (130 Ratings)
Intertops Casino Classic
  (53 Ratings)
Guts Casino
  (97 Ratings)
Spin Palace Casino
  (69 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (142 Ratings)
Betsafe Casino
  (103 Ratings)
Redbet Casino
  (74 Ratings)
Thrills Casino
  (72 Ratings)
Mr Green Casino
  (198 Ratings)
Unibet Casino
  (76 Ratings)
32 Red Casino
  (169 Ratings)
Sin City Casino
  (51 Ratings)
Vera John Casino
  (118 Ratings)
3Dice Casino
  (147 Ratings)
Liberty Slots Casino
  (97 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
BETAT Casino
  (115 Ratings)
Winner Casino
  (273 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)
Casumo
  (66 Ratings)