bwin.party digital entertainment released a confident trading update Wednesday, stating that it is well-placed to return to growth next year through new product launches and continued mobile expansion, increased betting volumes during the 2014 FIFA World Cup, and its recent return to the US market.
In a pre-close trading update this morning, the company described its performance since the end of September as being in line with management expectations.
“The group has faced numerous challenges over the past three years, but most of them are now behind us and I am confident that, under the leadership of Norbert Teufelberger, bwin.party is well-placed to return to growth by capitalising on its strong market position, leading brands and proprietary technology,” said bwin.party chairman Simon Duffy, who also announced that he does not intend to stand for re-election next year.
