Bwin Has A Good Year
By Staff
Austrian-based online gambling provider Bwin Interactive Entertainment has announced its fourth-quarter gross gaming revenues rose by 24.9 percent to just over $157 million due to the strong performance of its core businesses in the sportsbetting and poker segments.

The Vienna-listed firm released its preliminary quarterly results last week and revealed fourth-quarter poker revenues were up 26.7 percent year-on-year to $33.6 million while sportsbetting gross gaming sales came in at $91.7 million, a rise of 30.2 percent.

The company said its fourth-quarter net gaming revenues increased 28.3 percent year-on-year to $137.8 million and that there were 894,000 active customers and 234,000 new 'real-money' players for the final quarter of 2007.

The company stated that it would release a comprehensive full-year and fourth-quarter report on April 17 and reported that its 2006 figures were adjusted to exclude results from discontinued operations in the United States and Turkey while its 2007 figures excluded only the Turkish business.

Bwin revealed full-year gross gaming revenues of $540.3 million, a rise of 21.4 percent, while overall gaming sales for its sportsbetting business were up 19 percent to $295.8 million and poker revenues advanced 38.6 percent to $126.8 million. For the year as a whole, Bwin reported a 25.9 percent rise in net gaming revenues of $477.4 million from 1.6 million active customers and 798,000 new ‘real-money’ clients.

 
 
 
 
 
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