in the Red

CompaniesRetail & Consumer ♦ Published: August 31, 2011; 12:19 ♦ (Vindobona)

The Austro-British gambling group reported a loss before tax of € 35.7m for the first half of the year. Total revenue dropped by 3% to € 398m. in the Red / Picture: © Bwin

On a pro forma basis - which sets out the financial performance of the Group as if the merger had always been in place - total revenue fell by 3% to € 398.0m (2010: € 410.1m) reflecting continued competitive pressures in poker, the loss of French casino revenues following the introduction of new legislation on 30 June 2010 and the 2010 FIFA World Cup. The reduction…