Bwin Revenue Increases 15.2% To €514.5 Million In 2010

Ahead of its 31st March merger with PartyGaming, Austrian betting giant Bwin has just released its last annual report showing a 15.2% increase in its gross gaming revenues for 2010 to €514.5 million (£448 million).
The core business at Bwin is sports betting with a particular emphasis on soccer. This area continued to help drive Bwins impressive results and the company said it intends to further consolidate its association with Europe’s leading soccer clubs. A Bwin statement read:
“Bwin’s brand has become synonymous with sport through its sponsorship of some of the world’s biggest names in sport, such as Real Madrid and Bayern Munich. Its long-standing cooperation with soccer clubs like these and the Italian and Portuguese soccer leagues testify to the company’s continuing commitment to top soccer.”
Bwin’s other offerings include casino games, and soft games, including backgammon. However, it is Bwin’s online poker business which continues to impress, having recorded a 17.4% increase in gross gaming revenue for 2010 to €139.5 million compared to €118.8 million a year earlier.
Bwin’s promising poker results were for the most part explained by the company’s presence in Italy [Gioco Digitale] and France. As well as having around five million online customers accounting for 22.3% of the Italian market, Bwin also continues to maintain its position as “one of the leading online poker providers in France.”
However, the company has warned against complacency and alluding to the uncertain online poker situation in America, commented:
“Whilst these newly regulated markets are performing well [Italy, France], the international poker business is still dominated by poker providers offering real money gaming to US customers, giving them significant advantages of size and player liquidity.”
Recently, Party Gaming also announced a 15% yoy rise in its overall revenue for 2010 and looking ahead, the companies’ upcoming merger is set to create the world’s biggest publicly traded online gaming company. It will have a dual net worth of around $4 billion and its headquarter will be based in Gibraltar.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Maryland Casino Revenue Up 6% to $143m in April
11 May 2018
Maryland’s six casinos generated gross gaming revenue (GGR) of $143.5 million in April, marking a 5.7% increase compared to the $135.7 million collected in the same month a year ago. As a result, the Free State has now returned four consecutive months of gains this year, providing much needed assistance to the Education Trust Fund,