Bwin Announces Q1-Q3 2010 Results

CompaniesRetail & Consumer ♦ Published: November 18, 2010; 16:08 ♦ (Vindobona)

Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.

Bwin Announces Q1-Q3 2010 Results / Picture: © Bwin

Gross gaming revenues grew by 22.%, which is attributable to a sound development of sports betting, poker and games. Sports betting margin continued to increase as well as the customer volume. Due to a new regulation, the number of active poker customers was up by 70% in France.

However, the EBITDA was impacted by one-off expenses associated with the market entry