Bwin sees World Cup soccer as boost for 2014
Bwin is focusing on fewer, better-regulated markets and is expanding in the United States, as gambling rules are relaxed in places like New Jersey.
It said it had marketing and launch costs of between 7 and 10 million euros after setting up online poker and casino games when New Jersey reopened its markets last month, one of a number of states to relax a federal ban imposed in 2006.
Bwin said last month that a block on access to online gambling sites in Greece will hit revenue and profit this year, adding to the decline caused by its strategy of focusing on fewer markets.
In a trading statement on Wednesday, Bwin said Simon Duffy, its non-executive chairman, would stand down at next year's annual meeting in May. The company said it had also secured a us$ 80 million credit facility from Royal Bank of Scotland.
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