International edition
June 13, 2021

The first quarter 2009 saw gross gaming revenues reach 117.6 million euros

Financial results show Bwin business booms

(UK).- Leading betting and gaming provider Bwin Interactive has released its financial results for the first quarter of 2009 showing a 11.1 % year-on-year rise in net gaming revenues to a record 102.1 million euros.

T

he Austrian firm reported that this figure represented a 1.1 % increase on the final quarter of 2008’s 101 million euros while the first three months of this year saw gross gaming revenues reach 117.6 million euros, which was a 12.5 % year-on-year upsurge.

Turnover from sportsbetting rose by 9.2 % year-on-year to 762.7 million euros with a margin of 8.2 % leading to a 3 % increase year-on-year in gross revenues from sportsbetting to 62.4 million euros. Poker turnover rose 37 % year-on-year to 31.1 million euros buoyed by the satisfactory development of the firm’s Italian poker business alongside the successful migration of the various poker labels to Bwin Poker and lucrative cross-selling.

Bwin stated that gross revenues from its casino and games business amounted to 18 million euros and 6.1 million euros, which was an increase year-on-year of 9.5 % and 26.7 % respectively. The growth of its games business was attributed largely to the expansion of its product portfolio along with the launch of its Italian skill games site at Bwin.it.

The first quarter of this year also saw the number of active customers rise 25.6 % to 1.16 million while Bwin attracted 295,000 new players, a 16.1 % increase year-on-year.

Costs per new active customer fell 17.2 % compared to the first three months of 2008 to 123.40 euros while gross gaming revenues per active customer dropped 10.4 % to 101.30 euros from 113 euros.

All of this saw Bwin report a 72.9 % increase year-on-year in earnings after tax of 18.9 million euros alongside a net cash position of 70.8 million euros, which is considerably higher than the 53.2 million euros it recorded for the first quarter of 2008.

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