Bwin Is Not Affected By Global Crisis
Bwin has posted a positive quarterly report, revealing that net gaming revenues in the first quarter 2009 were up 11 percent on Q1 2008, and reached Euro 102.1 million.
Gross gaming revenues rose 12.5 percent to Euro 117.6 million, and the company has raised its predicted gross gaming revenues from Euro 435 million to Euro 450 million.
Also management reported that the increase in net revenue came mainly from growth in online poker and games.
Online poker grew 37 percent to Euro 27.8 million, whilst games rose 27.6 percent to Euro 5.6 million.
Sports betting was quiet with growth of only 3 percent to Euro 53.8 million. Also online casino operations declined slightly from Euro 15 million to Euro 14.9 million.