Online gambling firm bwin.party said the outlook for next year was positive thanks largely to betting on the World Cup 2014 and growth prospects in the United States.It added that trading in the 11 weeks since the end of September has been in line with expectations.
In a trading statement released Wednesday, bwin.party announced plans to focus on fewer, better-regulated markets as well as expansion in the United States where gambling rules are relaxed in places like New Jersey.
It also highlighted marketing and launch costs of between €7-10m after setting up online poker and casino games when New Jersey reopened its markets last month, one of a number of states to relax a federal ban imposed in 2006.
During a third quarter trading report last month, bwin.party said that a block on access to online gambling sites in Greece will hit revenue and profit this year, adding to the decline caused by its strategy of focusing on fewer markets.
Additionally, bwin.party said Simon Duffy, its non-executive chairman, would stand down at next year’s annual meeting in May.
source : www.totallygaming.com
