Bwin still up for sale as it falls into the red

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Bwin revealed in November that it had been approached by a number of parties about a potential deal but has since kept quiet.

Many investors feared talks had been abandoned, but today bwin said discussions are ongoing and it has received “a variety” of proposals.

The news came as bwin revealed it slipped to a loss of €97.9 million  (£68.9 million) last year, from a profit of €51.9 million in 2013.

The company blamed an online block of bwin sites in Greece and a general slump in the continental poker market.

Revenue dipped from €652.4 million to €611.9 million.

Bwin shares rose almost 3%.

Source Article from http://www.standard.co.uk/business/business-news/bwin-still-up-for-sale-as-it-falls-into-the-red-10100949.html

March 11, 2015 |
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