London-listed online gaming operator bwin.party has raised the prospect of spinning off certain business segments, or joining the wave of industry consolidation, after posting another set of disappointing financial results.

In a statement accompanying the results released today (Friday), chief executive Norbert Teufelberger conceded that “it is clear that a more fundamental approach is needed to turnaround our commercial and operational performance”.

Teufelberger said that this would require a major change to simplify the business structure in order to drive growth and to allow the company to consider “alternative financing and corporate structures in order to create additional value”.

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