Bwin Interactive Entertainment A.G., the Austrian online betting operator, grew gross gaming revenue from betting, poker, casino and games -- 95.9 million euros -- by 11.2 percent year on year.
In third-quarter results today, the company said gross betting revenues came in at 51 million euros, up 7 percent versus last year on a margin of 7.4 percent, down from 8.4 percent in 2007.
It said live betting, a lower margin activity, has become a more popular offering and, consequently, exerted downward pressure on the overall betting margin.
The company gave margin guidance of 7 percent to 9 percent.