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Bwin first Half Results
The Vienna-listed online gambling group Bwin released its H.1 2008 numbers this week, showing soaring gross gaming revenues for the first half 2008, which rose 25.6 percent to Euros 207.2 million (H1:2007 Euros 165 million). Sportsbetting gross gaming revenues were especially positive, rising 37 percent to Euros 119.8 million with margins at an impressive 8.3 percent.
Group EBITDA rose to Euros 36.5 million, up Euros 2 million from the same period last year, thanks to an active customer base that grew by 31 percent to 1.43 million accounts, 550 000 of them new active real-money players (up 45.6 percent)
The company revealed that its new gaming portal had performed satisfactorily, helping to deliver Q.2 revenues that were up 35.8 percent on Q.2 2007 and reached Euros 102.7 million. During Q2 sportsbetting revenues jumped 58 percent to Euros 59.3 million, with margin at almost 8 percent.
Net gaming revenues (NGR) were up 32.7 percent to Euros 88 million, with sportsbetting contributing Euros 50.4 million, although poker NGR was less attractive, declining 5.4 percent on last year’s figure to Euros 18 million. Online casino NGR climbed 13.7 percent to Euros 15 million and other games were up 56.3 percent to Euros 4.6 million. EBITDA for the quarter was Euros 10.6 million, an increase of Euros 700 000 over the comparable period.
Despite the successes, after tax results showed a loss of Euros 6.7 million, compared with a loss Euros 5.6 million in 2007.
The company revealed that marketing expenses rose to Euros 37.6 million, with marketing expenditure per new active customer reduced to 12.2 percent or Euros 166.3 - including bonuses. Gross gaming revenues per active customer fell 5.9 percent compared to 2007, with the new b'inside loyalty program performing well.
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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