Bwin reports results

20 Mar 2008

VIENNA, Austria -- (PRESS RELEASE) -- Q4 2007 (pro forma consolidated)*

Record gross and net gaming revenues in Q4 2007: above levels achieved before exiting the US and Turkish markets.

- Record gross gaming revenues: up 24.9% to EUR 102.3 million (Q4 2006: EUR 81.9 million)

- Record sports betting gross gaming revenue: up 30.2% to EUR 59.5 million (Q4 2006: EUR 45.7 million); sports betting margin of 9.6%

- Poker revenue: up 26.7% to EUR 21.8 million (Q4 2006: EUR 17.2 million)

- Record net gaming revenues: up 28.3% to EUR 89.4 million (Q4 2006: EUR 69.7 million)

- 894,000 active and 234,000 new active real-money customers Financial year 2007 (pro forma consolidated)* bwin reports industry's strongest organic growth (euro-based)

- Gross gaming revenues of EUR 350.5 million: up 21.4% (FY 2006: EUR 288.6 million)

- Record sports betting gross gaming revenue: up 19.0% to EUR 191.9 million (FY 2006: EUR 161.2 million); sports betting margin of 8.7%

- Poker revenue: up 38.6% to EUR 82.3 million (FY 2006: EUR 59.4 million)

- Net gaming revenues: up 25.9% to EUR 309.7 million (FY 2006: EUR 246.0 million)

- 1,6 million active and 798,000 new active real-money customers

*2006 excluding US- and Turkish operations; 2007 excluding Turkish business

Due to the strong performance of its core business (sports betting and poker), the Group boosted gross gaming revenues in the financial year 2007 to EUR 350.5 million compared to EUR 288.6 million in 2006. What is more, in the last quarter of 2007, the Company increased gross and net gaming revenues above the levels achieved before exiting the US market in late 2006 and the Turkish market in early 2007.

Compared to its most important competitors, which report in USD or GBP, in 2007 bwin reported the strongest organic growth of net gaming revenues in a euro-based comparison.

Net gaming revenues (gross gaming revenues less all deductions such as betting duties, casino taxes and bonuses granted to customers) amounted to EUR 309.7 million in 2007. This represented an increase of 25.9% compared to FY 2006 (EUR 246.0 million). This was attributable mainly to an increase in net gaming revenues from poker to EUR 74.4 million (up 49.7% compared to 2006), and sports betting to EUR 166.1 million (up 23.4% compared to 2006).

The number of active customers in 2007 (single total for all products) declined to 1.6 million, a reduction of 6.9% over the total of 1.8 million for 2006, the year of the Soccer World Championships. In 2007, 798,000 of these customers became active for the first time (FY 2006: 1,200,000 new active customers). However, a rising trend has been observed for both active and new active customers since Q3 2007.

Due to current business performance bwin expects another record quarter. During the first 75 days of the quarter average daily gross gaming revenues increased by 4.7% compared to Q4 2007. For the year 2008 as a whole, the Company forecasts a sports betting margin in a bandwidth of 8 to 10%.

The complete report on the preliminary results on the fourth quarter 2007 and the financial year 2007 can be found online on the bwin investor relations website at Bwin.ag, where it can also be downloaded in PDF format.

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	Bwin reports results 20 Mar 2008 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> VIENNA, Austria -- (PRESS RELEASE) -- Q4 2007 (pro forma consolidated)* Record gross and net gaming revenues in Q4 2007: above levels achieved before exiting the US and Turkish markets. - Record gross gaming revenues: up 24.9% to EUR 102.3 million (Q4 2006: EUR 81.9 million) - Record sports betting gross gaming revenue: up 30.2% to EUR 59.5 million (Q4 2006: EUR 45.7 million); sports betting margin of 9.6% - Poker revenue: up 26.7% to EUR 21.8 million (Q4 2006: EUR 17.2 million) - Record net gaming revenues: up 28.3% to EUR 89.4 million (Q4 2006: EUR 69.7 million) - 894,000 active and 234,000 new active real-money customers Financial year 2007 (pro forma consolidated)* bwin reports industry's strongest organic growth (euro-based) - Gross gaming revenues of EUR 350.5 million: up 21.4% (FY 2006: EUR 288.6 million) - Record sports betting gross gaming revenue: up 19.0% to EUR 191.9 million (FY 2006: EUR 161.2 million); sports betting margin of 8.7% - Poker revenue: up 38.6% to EUR 82.3 million (FY 2006: EUR 59.4 million) - Net gaming revenues: up 25.9% to EUR 309.7 million (FY 2006: EUR 246.0 million) - 1,6 million active and 798,000 new active real-money customers *2006 excluding US- and Turkish operations; 2007 excluding Turkish business Due to the strong performance of its core business (sports betting and poker), the Group boosted gross gaming revenues in the financial year 2007 to EUR 350.5 million compared to EUR 288.6 million in 2006. What is more, in the last quarter of 2007, the Company increased gross and net gaming revenues above the levels achieved before exiting the US market in late 2006 and the Turkish market in early 2007. Compared to its most important competitors, which report in USD or GBP, in 2007 bwin reported the strongest organic growth of net gaming revenues in a euro-based comparison. Net gaming revenues (gross gaming revenues less all deductions such as betting duties, casino taxes and bonuses granted to customers) amounted to EUR 309.7 million in 2007. This represented an increase of 25.9% compared to FY 2006 (EUR 246.0 million). This was attributable mainly to an increase in net gaming revenues from poker to EUR 74.4 million (up 49.7% compared to 2006), and sports betting to EUR 166.1 million (up 23.4% compared to 2006). The number of active customers in 2007 (single total for all products) declined to 1.6 million, a reduction of 6.9% over the total of 1.8 million for 2006, the year of the Soccer World Championships. In 2007, 798,000 of these customers became active for the first time (FY 2006: 1,200,000 new active customers). However, a rising trend has been observed for both active and new active customers since Q3 2007. Due to current business performance bwin expects another record quarter. During the first 75 days of the quarter average daily gross gaming revenues increased by 4.7% compared to Q4 2007. For the year 2008 as a whole, the Company forecasts a sports betting margin in a bandwidth of 8 to 10%. The complete report on the preliminary results on the fourth quarter 2007 and the financial year 2007 can be found online on the bwin investor relations website at Bwin.ag, where it can also be downloaded in PDF format.