Leading betting and gaming provider Bwin Interactive Entertainment AG has announced that its gross gaming revenues for the fourth quarter of last year rose 15.1 percent to hit a record €117.7 million from 2007’s €102.2 million.
The Vienna-based firm revealed that this would push its gross gaming revenues for the full year up by 19 percent to €420.9 million from the previous year’s €353.5 million.
“Based on forecast gross gaming revenues for 2009 of €430 to €445 million, management anticipates an adjusted EBITDA of at least €100 million,” read the preliminary report from Bwin.
“For the financial year 2008, the company expects an adjusted EBITDA of €65 million.”
Bwin reported that sportsbetting gross gaming revenues also rose 8.5 percent when compared with the final quarter of 2007 to hit a record €64.5 million from €59.5 million with a margin of 8.1 percent while poker revenues also increased 27.1 percent to €27.7 million from €21.8 million. It revealed that casino revenues were up 19.5 percent to €19.3 million from €16.1 million for the fourth quarter of 2007 while games revenues rose a record 27.9 percent to €6.2 million from the previous year’s €4.8 million. Bwin had 1.2 million active and 323,000 new active real-money customers, which compares very favourably with the previous year’s 900,000 million active and 234,000 new active real-money customers.
For the year as a whole, Bwin reported that sportsbetting gross gaming revenues rose 21.1 percent to €235.4 million with a margin of eight percent while poker revenues also increased 14.2 percent to €94.2 million. Casino revenues were up 14.3 percent to €70 million while games revenues rose 37.3 percent to €21.3 million.
Finally, the Austrian company reported that it had 2.1 million active and 1.1 million new active real-money customers in 2008, which were up on 2007’s 1.7 million active and 804,000 new active real-money customers.