The company's fourth-quarter gross gaming revenues rose by 24.9% to €102.3 million in 2007. The majority of which came from sports betting with poker bringing in the second most for bwin.
From bwin poker, the company saw fourth-quarter revenues up 26.7% from the same quarter in 2006, bringing in €21.8 million. According to a bwin press release, this places the company among Europe's largest poker providers.
Poker revenue also rose for the year overall, as it went from €59.4 million in 2006 to €82.3 million in 2007.
"Within the online poker market, bwin today is not only one of the leading B2C providers (business to consumer), but also one of the largest B2B providers (business to business)," said the company in its report.
Excluding customers from the United States and Turkey in 2006, bwin saw a rise in the number of active poker customers as well. In the fourth quarter of 2006, bwin poker had 198,199 compared to 244,230 active customers in the 2007 fourth quarter.
The detailed results of the 2007 fourth quarter and the full year are scheduled to be released April 17. The full report for 2007 will then be available online April 24.
The preliminary release indicates that bwin has managed to weather losing its U.S. customers after the Unlawful Internet Gambling Enforcement Act was passed in the United States.
While it's overall numbers are a little lower from the previous year, bwin is still seeing growth from its other customer bases to make up for the loss.Visit PokerListings.com
Irish Open ends, Londoner takes top prize
Neil Channing, 40, of London, England, bagged his first huge tournament win yesterday when he outplayed Irish Donal Norton and the rest of the final table in just more than three hours. Channing took home a huge trophy and €801,400 of the PaddyPowerPoker.com guaranteed €3 million ��...full article
Neil Channing, 40, of London, England, bagged his first huge tournament win yesterday when he outplayed Irish Donal Norton and the rest of the final table in just more than three hours.
Channing took home a huge trophy and €801,400 of the PaddyPowerPoker.com guaranteed €3 million prize pool. Though the event is being considered a success, with over 650 players showing up at the City West Hotel in Dublin to try their hands, $200k+ of that guarantee was supplied by PaddyPowerPoker rather than being covered by entry fees.
In all, according to the PaddyPowerPoker blog, 72 players in all cashed out, from €4,500.00 at the bottom all the way up to Channing’s quite tidy sum.
The rest of the final table:
Donal Norton — €420,000
Thomas Dunwoodie — €275,000
Tim Blake — €220,000
Danilo Paulsen — €175,000
Edwin Tournier — €135,000
Carsten Joh — €100,000
Eric Larcheveque — €75,000
John Keown — €50,000
Photo courtesy PaddyPowerPoker
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