Bwin Revenues

Bwin, Europe’s biggest online gaming site, reported a 1.2 percent increase in gross revenue in the first quarter of 2010. This bucks a current trend during which some gaming companies are reporting a loss in the first quarter of 2010.

The company, based in Austria, reported the largest increase in sports betting, but online casino revenue was also up.

Not surprisingly, Bwin reported in increase in poker revenue, with a substantial 22% increase in the first quarter of 2010

“Competition is still being distorted by poker providers offering real money games for U.S. customers, who due to the high number of U.S. poker players enjoy economies of scale in terms of player liquidity and financial advantage,” said Konrad Sveceny, head of investor relations at Bwin.

Many of the European gaming sites have seen a decrease in their poker revenue due to the fact that major players like Full Tilt Poker and Poker Stars continue to accept U.S. players. This has created a competitive environment that many of the European companies can’t compete against.

Bwin, however, says it is looking forward to the World Cup of soccer, which will present new gaming and betting opportunities for customers worldwide.