Third Quarter Shines On Bwin
Business has been looking up in substantial ways for the Vienna-listed online casino gambling group bwin. The third quarter reports have shown that the company, a veritable powerhouse among the different operators of online casinos, has managed to perform remarkably well overall. The total increase in profits amounts to some 75% compared to the exact same financial period for the previous year. This is some major positive news considering the fact that many other casino companies have been facing some grave and dismal financial figures and some companies are considering having to shut down or sell off chunks of their shares just in order to survive this increasingly tense time.
Normally the third quarter is a relatively poor period of time for online casinos and gambling companies but bwin managed to pull a rabbit out of its hat this time around. Gross gaming revenue figures climbed a respectable 5.3% to 101 million Euro. This is due largely to the fact that the casino company saw a huge increase in the sports betting activity during this particular financial period. One area that could still use a boost of energy is their online poker operations.
The revenue for this particular branch of their business did not manage to perform quite as well as other areas. But the online casino end of the business was solid and that can help lift any of the other figures that may have been lagging. Bwin as a company is constantly growing and developing new and exciting software that will guarantee that it is set apart in quality and cutting edge technology performance and this effort has paid off in major ways for the third quarter.
bwin, third quarter revenue