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bwin.party to Concentrate On Ten Markets Only.

Published: May 23, 2013; 14:35 · (Vindobona)

After the weak figures in the first quarter, bwin.party CEO Norbert Teufelberger wants to get the online gambling provider back on track. However, the company also cast an eye to enter the US market.

bwin.party to Concentrate On Ten Markets Only. / Picture: © Flickr

The Austrian-British enterprise will now focus on about ten European markets only instead of being active in more than 30 countries. The savings in administration and sales should gain up to € 70m in 2013 alone and improve the adjusted EBITA margin by one percentage point. In 2014 and 2015, bwin.party intends to fasten its belt even tighter. In a conversation with analysts…

This article includes a total of 215 words.

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