Vienna headquartered online bookmaker bwin turned out a record performance in terms of both gross gaming revenues and net gaming revenues in the fourth quarter of 2007, achieving levels higher than before it exited the US and Turkish markets in 2007 (Oct 2006 and March 2007, respectively).
Compared to the same quarter in 2006, gross gaming revenues improved 24.9 percent to €102.3 million and net gaming revenues improved by 28.3 percent to €89.4 million.
Gross sports betting revenue also hit a record level for in the quarter, gaining 30.2 percent to €59.5 million on a betting margin of 9.6 percent.
Annual sports betting revenue for 2007 was also a company record, gaining 19 percent over the previous year to €191.9 percent on a betting margin of 8.7 percent.
As reported:
Highlights
Q4 2007 (pro forma consolidated):
Record gross and net gaming revenues in Q4 2007: above levels achieved before exiting
the US and Turkish markets
• Record gross gaming revenues: up 24.9% to EUR 102.3 million (Q4 2006: EUR 81.9 million)
• Record sports betting gross gaming revenue: up 30.2% to EUR 59.5 million (Q4 2006: EUR
45.7 million); sports betting margin of 9.6%
• Poker revenue: up 26.7% to EUR 21.8 million (Q4 2006: EUR 17.2 million)
• Record net gaming revenues: up 28.3% to EUR 89.4 million (Q4 2006: EUR 69.7 million)
• 894,000 active and 234,000 new active real-money customers
Financial year 2007 (pro forma consolidated)
bwin reports industry’s strongest organic growth (euro-based):
• Gross gaming revenues of EUR 350.5 million: up 21.4% (FY 2006: EUR 288.6 million)
• Record sports betting gross gaming revenue: up 19.0% to EUR 191.9 million (FY 2006:
EUR 161.2 million); sports betting margin of 8.7%
• Poker revenue: up 38.6% to EUR 82.3 million (FY 2006: EUR 59.4 million)
• Net gaming revenues: up 25.9% to EUR 309.7 million (FY 2006: EUR 246.0 million)
• 1,6 million active and 798,000 new active real-money customers