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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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