Bwin Shows Intense Growth in Fourth Quarter Profits

Bwin, the company that has set records in growth lately has announce huge profits for it’s third quarter results for 2009.

The Vienna listed Austrian online gambling operation’s active customer base grew 18.7 percent to 1.1 million users, up from 892,000, as new active customers grew an amazing 39.1 percent to 258,000, from 185,000 users.
The intense growth rate in the popularity of live betting has created a new trend away from traditional sports betting to live betting. Live betting has garnered a greater share of the gross gaming revenues increasing revenues from 57 percent for the last quarter, up from 55 percent in the third quarter of 2008. This live betting trend is one that many online gambling operations are experiencing and are trying hard to acquire new software and networks that support the activity.

The newly opened and liberalized Italian market, has allowed Bwin to gain a strong position through its recent acquisition of Gioco Digitale, a major Italian online gambling group. Bwin is extremely optimistic as their numbers have indicated that this year may well be one of the very best in the company’s history. In a statement to the press Bwin talks about the booming Italian online gambling market there, and how responsive the Italians have been to the Bwin product. They also pointed out that the new regulations in Italy are modern and proactive. Meaning the system is working fine there and is a bell weather for other European nations to take note of.

Bwin’s amazing 75 percent profit growth is due mainly to it’d forward thinking acquisition of Gioco Digital. The last quarter of the year promises to create similar good results with gross gambling revenues during the first six weeks of the quarter excluding Gioco Digitale revenues is at 1.45 million Euros almost a third better than the 1.1 million Euros over last years results. Including the funds generated by Gioco Digitale, this figure rose to Euro 1.63 million Euros which surpasses last years fourth quarter figures by 48 percent.