Casinos Up, Poker Down for Bwin

12th May, 2010

Another day, another announcement from one of the best uk casinos and sportsbooks to the guys in suits and this time it is Bwin who is feeling the online poker pinch.

The Austrian based gaming company has seen a 17% drop in year on year poker revenues, thanks to the increasing competition from onine poker rooms who contoinue to accept US customers.

As Party Gaming did earlier this week, Bwin have singled out Full Tilt Poker and PokerStars as the reason for the drop - which was tempered slightly by the contribution of their Italian facing company, Gioco Digitale.

Elsewhere though the news was good, with strong figures coming from their sports betting business (up 13%), online casinos (up 10%) and the online games revenues (up an impressive 82%).

A spokesman for Bwin said of the latest figures...

'Competition is still being distorted by poker providers offering real money games for US customers, who due to the high number of US poker players, enjoy economies of scale in terms of player liquidity and financial advantage.'

Party Gaming were the last company to blame US facing poker rooms for their declining poker revunes, as well as poor poker performance from Playtech and Cryptologic.