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Gambling company Bwin sees World Cup soccer as boost for 2014

18
Dec
2013

Online gambling company Bwin.Party said on Wednesday the outlook for next year was positive thanks to betting on the soccer World Cup and growth prospects in the United States. Bwin is focusing on fewer, better-regulated markets and is expanding in the United States, as gambling rules are relaxed in places like New Jersey. Bwin said last month that a block on access to online gambling sites in Greece will hit revenue and profit this year, adding to the decline caused by its strategy of focusing on fewer markets. In a trading statement on Wednesday, Bwin said Simon Duffy, its non-executive chairman, would stand down at next years annual meeting in May. The company said it had also secured a 50 million pound credit facility from Royal Bank of Scotland.

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