bwin.party digital entertainment has recorded a loss of €94.0m for the first half of 2014 as total revenue fell 7 per cent and the company was forced to incur significant impairment charges relating to intangible assets within poker and social gaming.

Total revenue fell to €317.1m for the six month period, with sports betting the only product to post a year-on-year increase.

“Trading during the first half of 2014 was mixed with a solid performance from sports betting more than offset by year-on-year declines in casino and poker, particularly in countries that were no longer a core area of focus,” said bwin.party CEO Norbert Teufelberger.

The company again blamed the revenue decline on its shift from ‘volume to value’, a soft international poker market and the loss of €11.9m of revenue from Greece following the closure of the market.

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