Online gaming operator bwin.party has reported that despite losses in its casino, poker and bingo divisions, the success of its sports betting arm helped it achieve year-on-year revenue growth during the three months to September 30, 2014.
The company reported total revenue of €148.7 million ($190.4 million) in the third quarter, which is up 2% on the €145.7 million posted in the same period last year.
Bwin.party noted that, excluding the losses in Greece, its revenue would have increased by 4%.
Sports betting generated €58.8 million of total revenue, which is 11% higher than the €52.9 million it collected in the corresponding period last year.
However, revenue the operator’s poker business fell 25% to €17.5 million, casino and games dropped 3% while its bingo division remained relatively flat with a 1% decrease to €12.1 million.
Bwin.party also noted that its mobile and touch services represented 23% of gross gaming revenue, up from just 13% in the previous year, while other revenue also jumped by 64%.
Norbert Teufelberger, chief executive officer of bwin.party, said: “Our overall revenue performance in the third quarter was in line with our expectations.
“We continue to make good progress on expanding our mobile footprint and our presence in nationally regulated and/or taxed markets and we remain confident about the full-year outlook.
“As we enter the seasonally strong fourth quarter we are continuing to launch a number of new products including the latest version of our mobile sports product that will also include embedded casino games.”
source : www.igamingbusiness.com
