Tag Archives: bwin.party

bwin.party sees improved betting performance, as other verticals decline

European igaming operator bwin.party reported increased revenues of 2% for its Q3 2014 performance. During the period ending 30 September, bwin.party recorded increased total revenues of €148.7 million (£118.5 million) up from 2013: €145.7 million. Sports betting proved to be bwin.party’s leading vertical generating an 11% increase in net revenues of €58.8 million (£46.7 million) up from 2013: €52.9 million. …

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bwin.party sees revenue fall in H1 2014

bwin.party published its H1 interim results for 2014, the operator saw total revenues fall to €317.1 million, down from €342.5 million  year on year, for their opening six months of 2014 (reporting period ending 31 June). The operator has described its performance as mixed, seeing sports betting revenues increase by 7% to 127.4 million (H1 2013 – €119million), whilst reporting …

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Numis suggests bwin.party sell-off could aid company value

London Financial stock brokerage and corporate advisor Numis Securities issued a statement suggesting that underperforming igaming operator bwin.party, should look to sell corporate assets in a view to raise its market value. The corporate advisor, noted that the operator could potentially sell igaming assets and services at twice the  current market capitalization. The statement made by Numis Securities saw shares …

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Bwin sportsbook picks up the slack

Bwin.party has reported a mixed quarter, with sportsbook performance filling in for a drop in poker and casino business. The company revealed that, since the end of June, volumes and gross win margins from the FIFA World Cup have been strong and overall the tournament performance has been in-line with management’s expectations Bwin’s sports betting operation in Italy became the …

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bwin.party denies rumours of plans to sell assets

Amid business rumours that igaming operator bwin.party were looking to sell various business assets of their igaming network, bwin.party senior management issued the below statement to quash the rumours. “Since his appointment as Chairman last month, Philip Yea has been working with the executive management team on ways in which the Group can increase shareholder value, however we can confirm …

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bwin to launch IGT slot portfolio

Global gaming entertainment giant International Game Technology has partnered with bwin.party digital entertainment to launch many of IGT’s top-performing interactive games on the bwin platform. IGT is supplying its content to bwin.party, which has recently launched online poker and casino offerings in New Jersey under the license of Borgata Hotel Casino and Spa (a long-term IGT land-based casino customer), for …

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bwin.party appoints SpringOwl’s Silvers as non-executive director

bwin.party announced the appointment of Daniel Silvers as Non-Executive Director. The appointment of Daniel Silver came after last month’s announcement of board changes for the operator. Silvers currently serves as president of activist investor SpringOwl, as well as on the board of directors of India Hospitality Corp. Silvers has prior gambling experience having served on the board of directors for …

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bwin.party seeks three new directors ahead of governance restructure

bwin.party announced last Friday direct changes to its corporate governance set-up, as the operator looks to hire three new independent directors. Following an independent board evaluation carried out by governance consultancy Linstock Limited, bwin.party announced that it would be seeking new independent directorship, to aid the operators future digital strategies and market growth. The operator review of director management had …

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Ader looks to shake up bwin.party with board replacements

Activist Investor Spring Owl, the investment vehicle that acquired 5.3% stake in igaming operator bwin.party , put fourth their selection of board representatives it feels will drive the operators performance forward. Spring Owl, headed by  investment and equity banker Jason Ader are currently the operators second largest investor after purchasing its bwin.party shareholdings at the start of 2014. Spring Owl’s …

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Philip Yea appointed as bwin.party chairman

Bwin.party announced the appointment of Philip Yea, former CEO of private equity and debt management financiers – 3i Group plc. Yea is set to replace Simon Duffy, who the operator had announced had stepped down from the position in a December trading update. Yes appointment as Chairman of the operator has been met with positive reaction. The Ft.com labelled the …

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