Results for the Third Quarter and the First Nine Months 2010

    Key financial indicators (pro forma consolidated, unaudited)

    EUR million               Q3 10  Q3 09  % YoY  Q1-Q3 10  Q1-Q3 09  % YoY

    Gross gaming revenues     123.3  101.0   22.1%   383.7    313.7    22.3%
    Net gaming revenues        95.3   83.3   14.3%   304.9    263.2    15.8%
    Total Revenues            108.7   92.3   17.7%   342.1    308.4    10.9%
    EBITDA (adjusted*)          9.8   16.8  -41.7%    51.1     67.9   -24.7%
    EBIT                       -6.2    8.2    n.a      9.0     30.1   -70.1%
    Result after tax           -6.0    7.9    n.a      8.7     26.9   -67.7%


    Highlights of business development in Q3 2010

    * Growth of gross gaming revenues attributable to sound development of
      sports betting, poker and games
    * Continuing increase in sports betting margin and customer volume
    * Number of active poker customers up by 70% in France following
      regulation
    * EBITDA impacted by one-off expenses associated with the market entry in
      France and preparations to take advantage of forthcoming regulation in
      number of jurisdictions
    * Planned merger will create competitive advantage due to synergies and
      scale in a multi-jurisdictional regulated market environment

    Q3 2010 (pro forma consolidated)

    * Gross gaming revenues up 22.1% to EUR 123.3 million (Q3 2009: EUR 101.0
      million)
    * Sports betting margin 7.9% (Q3 2009: 7.1%)
    * Net gaming revenues up 14.3% to EUR 95.3 million (Q3 2009: EUR 83.3
      million)
    * Active customers: 1,208,000 active and 299,000 new active real-money
      customers (plus 14.1% and plus 15.6% respectively)
    * EBITDA (adjusted*) of EUR 9.8 million (Q3 2009: EUR 16.8 million)
    * Result after tax of EUR -6.0 million (Q3 2009: EUR 7.9 million)

    First nine months of 2010 (pro forma consolidated)

    * Growth in all product segments
    * Gross gaming revenues of EUR 383.7 million (Q1-Q3 2009: EUR 313.7
      million)
    * Net gaming revenues of EUR 304.9 million (Q1-Q3 2009: EUR 263.2
      million)
    * Active customers: 2,263,000 active and 978,000 new active real-money
      customers (plus 17.7% and plus 21.6% respectively)
    * EBITDA (adjusted*) of EUR 51.1 million (Q1-Q3 2009: EUR 67.9 million)
    * Result after tax of EUR 8.7 million (Q1-Q3 2009: EUR 26.9 million)
    * Excluding non-cash expenses in connection with share-based payment
      (IFRS 2) and one-off effects in connection with proposed merger.

The complete report for the third quarter and the first nine month 2010 can be found online on the bwin investor relations website at http://www.bwin.org, where it can also be downloaded in pdf format.

    Contact:

    Investors:

    Konrad Sveceny, Investor Relations
    bwin Interactive Entertainment AG
    Boersegasse 11, 1010 Vienna, Austria
    Tel.: +43(0)50-858-20017
    E-mail:[email protected]

    http://www.bwin.org

    Press:

    Matthias Winkler, Chief Communications Officer
    bwin Interactive Entertainment AG
    Boersegasse 11, 1010 Vienna, Austria
    Tel.: +43(0)50-858-20067
    E-mail:[email protected]

    http://www.bwin.org

SOURCE bwin Interactive Entertainment AG

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED