bwin.party in the Red

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.

bwin.party 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…

This article includes a total of 350 words.

or Log In