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bwin profits slump 70% despite 2010 revenue gains

23rd March 2011 9:16 am GMT

Buoyed by the success of the football World Cup and the first full annual contribution from Italian subsidiary Gioco Digitale, Austria’s bwin Interactive Entertainment AG has reported a 15 per cent increase in gross gaming revenues to €514.5m for the year ended December 31st 2010.

Turnover from sports betting increased 15 per cent to €3,500.1m as a result of the World Cup, with bwin’s live betting segment accounting for 74 per cent of the total. The [...]

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