Despite a marginal increase in net gaming revenues in 2009, bwin Interactive Entertainment AG said Thursday that adjusted EBITDA for the year will fall below previous forecasts as a result of lower than expected sports betting margins in Q4 and negative currency exchange movements.
Full year net gaming revenues (NGR) from sports betting fell 4% year-on-year to €194.6 million, despite a 5% increase in sports betting NGR in Q4 versus the previous year. bwin said that [...]
