bwin.party Q4 in-line with expectations

Online gambling group bwin.party digital entertainment has reported that trading since the end of September has been in-line with its expectations and that it is on track to deliver around 65m euros of synergies in 2013.

Online gambling group bwin.party digital entertainment has reported that trading since the end of September has been in-line with its expectations and that it is on track to deliver around 65m euros of synergies in 2013.

More normalised gross win margins were seen in sports betting in the final three months of the year, after a very strong run of results in October, although this is still well above last year, which bwin said reflected a shift towards longer odds and the partial recovery of the 5% turnover tax from German customers.

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