Tag: Bwin.Party Revenues Fall
Bwin.Party Q3 Revenues Fall 21 Percent
November 14, 2013
Gambling 911 – Online gambling company Bwin.party said a block on access to its products in Greece would dent revenue and profit this year. Bwin said on Wednesday revenue fell 21 percent in its third quarter to 145.7 million euros ($195.8 million), reflecting a strategy of aiming to focus on fewer markets where it hopes to make higher returns. It said action by the Greek authorities to block Internet access to over 400 gaming sites including its own would have a modest net impact on revenue and EBITDA this year. “As we expected, our underlying third quarter performance appears to…