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Bwin H1 Reports Releases

Marketing expenditure on the World Cup and French start-up dent Q2 numbers
 
In accordance with stock market rules following the proposed merger of Party Gaming and Bwin, Party Gaming issued a press release to the London Stock Exchange Thursday providing detail on Bwin's performance in the first half of 2010.
 
H1 highlights included:
 
* Gross Gaming reviews up 22.4 percent at Euro 260.4 million
* NGR rose 16.6 percent to Euro 209.7 million
* EBITDA declined 19.2 percent to Euro 41.3 million
* After tax profit declined 22.7 percent to Euro 14.7 million
 
The company reported record turnover for sports betting due to a successful football World Cup, and a promising start to sports betting and poker in France as at the end of Q2/2010, but noted that results had been temporarily affected by marketing expenses and intensive preparations and start-up costs in France.
 
Online poker and casino operations were adversely impacted by seasonal slow trends and the distraction of the World Cup.
 
Detailing Q2 2010 results, the company reported:
 
* Gross gaming revenues of Euro 127.2 million, or Euro 113.8 million excl. Gioco Digitale (Q2 2009: Euro 95.1 million)
 
* Sports betting margin improved at 7.2 percent (Q2 2009: 5.9 percent)
 
* Net gaming revenues of Euro 100.4 million, or Euro 93.1 million excl. Gioco Digitale (Q2 2009: Euro 77.8 million)
 
* Record number of active customers: 1,381,000 active and 360,000 new active real-money customers (up 30.7 percent and plus 43.5 percent respectively)
 
* EBITDA of Euro 11.0 million (Q2 2009: Euro 15.1 million)
 
* Result after tax of Euro 2.8 million (Q2 2009: Euro 100 000)
 
* Marketing costs up 30 percent in Q2.
 
* 19 percent rise in Q2 for online poker operations.
 
Regarding the merger with Party Gaming, Bwin management reported that the collaboration was on schedule for a conclusion in Q1 2011, forming a business worth Euro 3.3 million.
 
Bwin enjoyed record turnover for sports betting due largely to the World Cup, which pushed gross gaming revenues up by just under 35 percent, from Euro 95.1 million to Euro127.2 million.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

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Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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