South America plans for Bwin


And may give the US market another go...

South America apparently features in the plans of the Vienna-listed online gambling group Bwin, which is expanding ouy ofits traditional European markets and plans a presence in as many as four South American countries over the next two years.

And Bwin hasn't yet given up on the US market, it would appear, although that is dependent on positive change in that region.

These informative snippets emerged during an interview conducted by the Austrian newspaper Kurier with Bwin co-chief exec Norbert Teufelberger this week.

"We are in talks with possible partners from the casino and media areas; we want to start by 2011 at the latest," Teufelberger told the newspaper.

Tefelberger also revealed that Bwin has received offers for its Ongame internet poker subsidiary, purchased for half a billion Euros immediately before the UIGEA was passed to the astonishment of the industry back in 2006.

"We have received offers of in and about its purchase price, but we are not interested," said the online gambling executive.

Bwin will release fourth-quarter earnings on Thursday.

General Gambling News

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