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.
NextGen Gaming, the Sydney, Australia-based slots studio of NYX Gaming Group, has announced the debut launch at Gala Coral of the exclusive new Judge Dredd slot game.
Comtrade Gaming has today announced the launch of its new product, sCore Connect.
The number of sports bets placed with bwin.party may have fallen in the third quarter but sports revenues rose by 11 per cent, thanks in large part to the latter stages of the FIFA World Cup.
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