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April 30, 2009 Online Casino News:
Bwin Shows Revenue Increase
In this economy it is becoming more the
exception to the rule to see a business
doing well for itself. Instead, it seems
that everyone knows someone who has been
laid off, or you drive past the empty
store fronts looking at what used to be
there. Therefore when you hear of a
company doing well for itself despite
the economy, it is time to sit up and
take notice.
The online casino industry has already
seen increases where land based ones
have seen their revenues going either to
the online casinos or to bills. As more
people flock to the online casino
industry, the amount of money that they
are bringing in as a whole is very
impressive. People just don’t have the
money to gamble, nor do they have the
money to spend on travel to gamble. Both
of these things are leading players to
leave the gambling to online pursuits
only.
So it is not really a surprise to find
that the latest company to do well for
itself is Bwin – an online casino
operator. They are an Australian online
casino gambling operator who has just
announced that they have a 19% increase
in gross betting revenues. Last year
they had €353.5m and this year they have
€420.9m.
They are also thrilled to announce that
compared to the same time last year,
they have increased their sports betting
revenue growth by 21.1%. This is
outstanding, even for an online casino.
They found that their turnover increased
as well by about a third. They closed
their poker rooms because they were not
doing as well, and the move seems to
have worked in their favor. They had an
increase in poker players as well and a
14.2% increase in poker revenue.
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