Some you Bwin: But others add to the pressure

Bwin.Party Digital Entertainment, the world’s largest listed online gaming group, has seen a run of predictable results in the Euro 2012 championship mar a solid performance in its casino and bingo operations.

The company yesterday said its trading performance since the beginning of April was broadly in line with expectations, with solid performances in bingo and casino being offset by continued pressures in poker.

“In sports betting, although the Euro 2012 championship delivered a meaningful uplift in betting activity and customer numbers, gross win margins were lower than expected due to the majority of results following the predicted path,” it told investors in a trading update.

“While certain southern European markets remain challenging, the launch of the group’s sports, poker, casino and bingo products in Spain went live on 5 June, and the early performance has been encouraging,” the firm added.