Over the last few months here at Casinos Online we have brought you plenty of news stories regarding gaming companies and their accounts. Some have reported good figures and are showing a profit, whilst others are not doing so well and have reported losses or a decrease in revenues. Today is the turn of the online gaming specialists bwin.party and they have reported lower figures than expected for the last three months and, but they say they are concentrating on value not volume.
Norbert Teufelberger is the Chief Executive Officer at bwin and he had this to say about his companies latest figures. He said, “Trading in the year to date reflects our shift from volume to value, the introduction of a turnover tax in Germany in July of 2012 as well as some issues we faced following the migration of bwin.com customers in December of 2012, all against a challenging competitive and market backdrop.”
Mr Teufelberger is confident that the latest figures will soon be heading in the opposite direction, as he finished off by saying, “However, the process to optimise the shape and size of our business with a greater focus on regulated and to-be-regulated markets is on-track and we remain focused on returning our business to growth.”
Bwin.party are one reported to be the world's largest publicly traded online gambling firms and the latest report is sure to be a concern to all the major shareholders at the company. The actual figures for the first six months of this year will be released on Friday 30th August and more will become clear then, but with new real money gaming products set to be released soon the company are sure to be on the up again, and even more so if they are able to launch their poker and real money casino games in the state of New Jersey later this year too.