Bwin's Poker Revenues Fluctuate as Costs RiseHalf Yearly Results Sees Bwin's Poker Revenues Rise, But So Do Costs |
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Bwin’s net poker revenues for the first half of 2008 have increased by 2.9 percent to €38.2 million from the same period in 2007.
Despite quarter-on-quarter results showing a gross increase of 3 percent, net revenues actually declined 5.4 percent. This is due to increasing betting duties, casino taxes, and customer bonuses.
The company added 76,354 new depositing real money players between January and June this year, bringing the total to 401,457.
Overall, net gaming revenues for the first half of 2008 have increased by 21.8 percent to €179.9 million. This increase is largely due to continuous growth in the sports-betting sector.
