Bwin-party Earnings Up 2 Percent In H1-2015

BWIN-PARTY EARNINGS UP 2 PERCENT IN H1-2015

28th August, 2015 at 11:28:08
Source: http://www.azonlinecasinos.com

Cost savings help lift core earnings, but taxes take a toll and revenues declined.

Bwin.Party Digital Entertainment plc, the online gambling group at the centre of a tug of war between potential buyers GVC Holdings and 888 Holdings, posted a 2% rise in first-half 2015 earnings Friday.

The small increase had been helped by cost savings, which lifted the core earnings for H1-2015 to Euro 45.4 million.

Along with other online gambling groups, the company felt the pain of increased UK and European taxation.

Bwin-Party chief executive Norbert Teufelberger, reported on what was achieved

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