This story was published more than 12 years ago.
The giant Vienna-listed online gambling group Bwin has turned in a creditable full year and even final quarter performance despite the challenging economic times, recording record gross gaming revenues of €420.9 million, a 19% increase over 2007's €353.1 million.
Performance in the final quarter also defied the troubled economic times, with gross gaming revenues growing 15% to €117.7 million, up from the €102.2 million achieved over the same period in 2007.
The star performer for Bwin was once again its sportsbetting operations, where a record rise in gross revenue of 21.1% over the year saw it reach €235.4 million (2007: €194.3 million) delivering a sports betting margin of 8%. Running counter to the lower trend in other companies, Bwin's poker revenue also rose 14.2% over the year to reach €94.2 million (2007: €82.5million), while online casino revenue grew 4.3% to €94.2 million (2007: €82.5 million).
Other key performance indictaors in the report were:
Highlights for Q4 2008:
Highlights for financial year 2008 (pro forma consolidated):
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