International edition
September 19, 2020

Gross gaming revenues for the full year increased a 19 %

Record gaming revenues for Bwin

(UK).- Bwin Interactive Entertainment AG has announced that its gross gaming revenues for the fourth quarter of last year rose 15.1 % to hit a record 117.7 million euros from 2007’s 102.2 million euros.

T

he Vienna-based firm revealed that this would push its gross gaming revenues for the full year up by 19 % to 420.9 million euros from the previous year’s 353.5 million euros.

“Based on forecast gross gaming revenues for 2009 of 430 to 445 million euros, management anticipates an adjusted EBITDA of at least 100 million euros,” read the preliminary report from Bwin. “For the financial year 2008, the company expects an adjusted EBITDA of 65 million euros.”

Bwin reported that sportsbetting gross gaming revenues also rose 8.5 % when compared with the final quarter of 2007 to hit a record 64.5 million euros from 59.5 million euros with a margin of 8.1 % while poker revenues also increased 27.1 % to 27.7 million euros from 21.8 million euros.

It revealed that casino revenues were up 19.5 % to 19.3 million euros from 16.1 million euros for the fourth quarter of 2007 while games revenues rose a record 27.9 % to 6.2 million euros from the previous year’s 4.8 million euros. Bwin had 1.2 million active and 323,000 new active real-money customers, which compares very favourably with the previous year’s 900,000 million active and 234,000 new active real-money customers.

For the year as a whole, Bwin reported that sportsbetting gross gaming revenues rose 21.1 % to 235.4 million euros with a margin of eight percent while poker revenues also increased 14.2 % to 94.2 million euros. Casino revenues were up 14.3 % to 70 million euros while games revenues rose 37.3 % to 21.3 million euros.

Finally, the Austrian company reported that it had 2.1 million active and 1.1 million new active real-money customers in 2008, which were up on 2007’s 1.7 million active and 804,000 new active real-money customers.

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