This story was published more than 11 years ago.
One of Europe's biggest online gambling groups, Bwin, has posted another positive quarterly report, revealing that net gaming revenues in the first quarter 2009 were up 11% on Q1,2008, and reached €102.1 million.
Other highlights included:
Management reported that the increase in net revenue came mainly from growth in online poker and games, and the sale of Bwin's rights to German football leagues.
On an annual basis, online poker grew 37% to €27.8 million, whilst games rose 27.6% to €5.6 million. Additional revenue streams included the sale of rights to the first and second German Football Leagues in the amount of €7.1 million and totalled €17.3 million, up from €10.6 million in 2008. Sports betting was quiet with growth of only 3% to €53.8 million, and online casino operations declined slightly from €15 million to €14.9 million.
Source: InfoPowa News
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