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Bwin Party issued its pre-close trading update

January 10, 2013 : BWIN.PARTY HOPES FOR A MORE LIBERAL GERMAN GAMBLING ENVIRONMENT
 
Latest trading update says the company is performing to expectations
 
Bwin.Party Digital Entertainment issued its pre-close trading update Wednesday, expressing the hope that the confusing German gambling law situation can be resolved and a more liberal regime established, and assuring investors that the company is performing to expectations.
 
Highlights of the update include:
 
* Trading since 30 September 2012 has been in-line with management’s expectations
* Continuing Clean EBITDA margin for the year ended 31 December 2012 expected to be between 19.5 percent and 20.5 percent
* Successful migration of bwin.com customers to a single technology platform. The remaining French and Italian migrations remain on track to complete in the first half of 2013.
* Italian slots launched on 3 December 2012
* Poker and casino licence awarded in Schleswig-Holstein
* On-track to deliver approximately Euro 65 million of synergies in 2013
* In Belgium, local partner Belcasinos is in the process of securing the requisite operating licences to operate all online products.
 
Since the end of September 2012 the group’s performance has been in-line with expectations, management reports.
 
Gross win margins in sports betting returned to more normalised levels in November after a strong run of results in October, although this is still well above last year, reflecting a shift towards longer odds and the partial recovery of the 5 percent turnover tax from German customers.
 
In poker, while a greater focus on player acquisition via direct channels rather than through affiliates may reduce new poker sign-ups and active player days going forward, it is not expected to materially affect revenue, but will improve the poker ecology within the PartyPoker network. The much-anticipated all new version of PartyPoker will probably launch during the first half of 2013.
 
On the online casino front, the company successfully launched slots to Italian customers on 3 December, and early performance has been encouraging. The online bingo business remained steady.
 
In its regulatory update, the company says there is now a question over how the existing regime in Schleswig-Holstein can co-exist with the alternative system proposed by the other 15 Länder that seeks to allow sports betting only and with significant additional restrictions for the online offer.... restrictions that do not apply to land-based operators.
 
"Despite the recent detailed opinions and the possible threat of a formal infringement procedure, Schleswig-Holstein may choose to press ahead with the revocation of its existing law and its accession to the framework proposed by the other 15 Länder," the update speculates.
 
"Whilst we welcome the move to regulate the online gaming market in Germany, this must be in a consistent and coherent manner in-line with EU law."



Gambling News :

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.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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