As reported by: Financial Mirror
For the first time ever in Q1 2007 now ended, bwin Interactive Entertainment AG has achieve the goal it had pursued since 2004 of becoming the Number One world-wide, in terms of both the number of active customers and gross and net gaming revenues.

At the same time the reorientation of the company's strategy announced two quarters ago has been successfully implemented, and significantly better results reported.
Announcing Q1 2007 results, bwin generated gross gaming revenues (sum of gross gaming revenues from betting operations, poker, casino and games) of EUR 89.4 mln. Gross gaming revenues from sports betting rose by 27.8% compared to Q1 2006 to
EUR 50.1 mln, with a sports betting margin of 9.5%.

Although the number of active customers in Q1 2007 rose by 10.7% compared to Q1 2006, from 658,000 (excl. US operations) to 729,000, this indicator fell by 6.1% compared to Q4 2006 (776,000 excl. US operations). A total of 182,000 customers were active for the first time in Q1 2007 (Q1 2006: 259,000 or Q4 2006: 213,000, excl. US operations in each case).


Article By: Financial Mirror