bwin.party digital entertainment has reported a 21 per cent drop in total revenue to €145.7m for the third quarter of 2013 following year-on-year declines across all of its products, with CEO Norbert Teufelberger claiming that the performance represents "the floor in what has been a transitional year" for the company.

Total revenue was down 10 per cent compared to the previous quarter, with bwin.party attributing the poor Q3 performance to the impact of the company’s tactical shift from  “volume to value” at the end of last year, a softer performance in casino and poker, ISP blocking in Greece, as well as a softer than expected sports margin in September.

For the nine month period, total revenue amounted to €488.2m, a decline of 22 per cent compared to the same period last year.

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