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Industry News: Bwin Poker Grows 46 Percent in Q3

Strong Year-on-Year Growth for Bwin Poker When U.S. and Turkey Stripped Out


The latest quarterly figures for Bwin, the Viennese-listed gaming firm, show gross gaming revenue up 20.1 percent to €86.2 million from €71.8 million in the same quarter of 2006, excluding U.S. and Turkish operations.

Poker was a significant driver of growth with like-for-like (excluding U.S. and Turkey) revenue up 46.2 percent to €20.7 million from the third quarter 2006.

Net gaming revenues (gross gaming revenues less all deductions, such as betting duties, casino taxes, and bonuses granted to customers) amounted to €75.5 million in the third quarter of 2007, up 21.9 percent from the same period 2006.
This was attributable mainly to an increase in net gaming revenues from poker to €18.5 million, up 51.2 percent compared to the previous period in 2006, excluding U.S. and Turkish operations.

The number of active poker customers in the third quarter of 2007 grew 90.8 percent to 227,038 from 118,986 (excluding U.S. and Turkey) in the same period of 2006.

Last week, Bwin completed the purchase of the Ongame network, renaming it Bwin Games.

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