Bwin.party Social Gaming Strategy Near Completion
Company's April Poker Revenue Down 15 Percent While Social Gaming Launch Nears
Yesterday’s first quarter 2012 interim report from bwin.party revealed the company’s social gaming strategy would soon be launched.
The company said, “Our strategy to enter the social gaming market is almost complete and we plan to host an analyst briefing to present our strategy later this month when we will provide further details on how we will enter this exciting new business segment.
“We believe that by leveraging our core assets, we can make a meaningful inroad into this fast growing and profitable market with relatively low levels of incremental investment."
Elsewhere the company indicated its April poker revenue was down 15 percent year-on-year to €621,800 from €728,100 a year earlier.
With regard to regulation in Germany and Spain the company said, “Whilst the political situation remains unclear, we expect more licences to be issued by Schleswig-Holstein shortly and that we will also receive a licence.
“In Spain where the licensing process has been delayed following the change of government, operators have now been told to expect licences to be issued from the beginning of June 2012.”
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