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.
The provincial government in Quebec, Canada, has held talks with representatives of the Kahnawake Mohawk territory regarding online gaming in the province, reports Canadian news network APTN National.
Announcing a trading update for the first quarter of 2015, bookmaker William Hill reported a 16 per cent year-on-year growth in online sports wagers and a nine per cent rise in online net revenues but a slump in operating profit of 38 per cent for its i-gaming division.
Table games specialist Games Marketing has licensed two side-bet titles - Perfect Pairs and 21+3 - to Realistic Games.
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