BwinParty net revenue falls

ator BwinParty has posted a year-on-year total revenue decrease of 6% to €155.3m for the first quarter of 2015.

The decrease has been reported despite a 6% total revenue increase from Q4 2014.

Total net revenue for sports betting went down 10% year-on-year to €58m, while casino and games descended 11% in the same category to €46.8m and total net revenue for poker declined 31% to €16.8m.

The number of daily average players fell 11% to 137,800.

BwinParty reported a €97.9m operating loss for the full year 2014 in March.

BwinParty CEO Norbert Teufelberger said in a press release: “In the period since the end of March, net gaming revenues are up 6% year-on-year, driven by sports betting that is up 25% year-on-year.

“Given our expanding mobile footprint, increased focus on the core business and the associated programme of operational efficiencies, we remain on-track for the full year.”

The release of its Q1 2015 financial results follow confirmation from BwinParty on Monday that it has received a proposal for the acquisition of the entire issued and to be issued share capital of its business by operator 888 Holdings, which followed previous confirmation that it has received a proposal from online gaming group GVC Holdings.

GVC has since announced that its proposal would be jointly financed by provider Amaya Gaming.