Greek woes hit bwin.party profits
Revealing a 21 per cent drop in revenues in Q3, bwin.party said a block on access to its products in Greece was a factor and would continue to affect revenue and profit this year.
As revenues fell to €145.7m, bwin.party blamed action by the Greek authorities to block access to over 400 gaming sites including its own, adding that the move would have a modest net impact on revenue and EBITDA this year.
Norbert Teufelberger, bwin.party CEO, said: "As we expected, our underlying third-quarter performance appears to have represented the floor in what has been a transitional year for the group.”
He added that the effects of the Greek dispute would be offset by full-year 2013 cost savings of more than €70m.
Through a deal with bookmaker Matthew Tripp, James Packer's Crown Resorts has taken control of Tripp’s online betting start-up BetEasy, reports the Sydney Morning Herald.
FullFlushPoker.com has confirmed that it recently experienced a number of disruptions to service as a result of several targeted distributed denial-of-service attacks on the Equity Poker Network’s games server.
Optimal Payments has been selected by gamigo, a publisher and distributor of free-to-play multiplayer online games, to provide its Neteller service as an alternative payment method for gamigo players.
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