bwin.party digital entertainment plc said Friday that it remains confident about its full year results despite posting an 8 per cent drop in total revenues to €184.4m for the third quarter of 2012.

 

The company said that revenues were impacted by the introduction of a 5 per cent sports betting turnover tax in Germany, the continued revenue decline in poker, and a challenging microeconomic backdrop in Southern Europe.

“An unfavourable run of football results in our core markets in September together with the previously announced delay to the start of the Bundesliga were also contributing factors,” said bwin.party co-CEOs Jim Ryan and Norbert Teufelberger.

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