bwin.party digital entertainment has reduced its full-year revenue forecast citing weak gross win margin in sports betting, while the company looks set to finalise the sale of its social gaming division Win Interactive as potential takeover talks continue.

In its pre-close trading update for the fourth quarter of 2014, the company said that bet volumes and active player numbers had met expectations, but gross win margin in the period, especially in December, had impacted overall revenue performance. As a result, the operator has reduced its total revenue forecast to between €608m and €612m, representing a year-on-year decline of up to 7 per cent.

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