Bwin Quarterly Online Poker Revenue Grows

Net gaming revenue at Austro-German online poker room bwin poker grew 7 in the third quarter of 2008 to €19.8 million compared to the same quarter of 2007 while growth in the first nine months of 2008 was up 4 percent to €58 million.

While the number of active customers in the third quarter of 2008 fell 9 percent to 206,791 compared to 227,038 in the third quarter of 2007, the number for the first nine months of 2008 grew 23 percent to 509,910 compared to the same period in 2007.

The company said in its interim report that, “Whilst bwin poker is experiencing dynamic development, the poker labels PokerRoom and EuroPoker remained below expectations. As already announced, the various different poker labels will be merged into the bwin poker label during the course of Q1 2009. This will enable the poker segment to benefit from the strong bwin brand coupled with improved cost efficiency.”

It also said it expected this merger would offer a “significant reduction in foreign currency fluctuations…[as]  deposits with bwin poker are valued in euros, whilst customer deposits with the PokerRoom and EuroPoker labels are valued in US dollars.”

Overall bwin interavtive, which also operates sportsbook, casino, and bingo, saw gross gaming revenues up 11.2 percent to €95.9 million compared to €86.2 million in the third quarter of 2007.

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