Tag Archives: norbert teufelberger

bwin.party aims for €15 million in 2015 cost savings

bwin.party Entertainment the operator at the centre of a £908 million reverse takeover by GVC Holdings, issued a Q2 trading update (period ending 30 June). Giving insights into its performance bwin.party governance stated that igaming revenue was in-line with expectations, whilst sports betting turnover was ahead of expectations, despite margins being below normalised levels. The operators performance has been supported …

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bwin.party sale could earn Teufelberger €24 million

UK newspaper, The Daily Telegraph has reported that bwin.party CEO Norbert Teufelberger could cash in up to €24 million (£17 million) on the sale of the company to its interested suitors. The newspaper has reported that Teufelberger holds a reported 13 million shares in bwin.party plc stock, with a further 9.2 million in company share options. According to the Daily …

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Product declines sees bwin.party struggles continue into 2015

Takeover target bwin.party entertainment has continued its corporate performance struggles into 2015, reporting a 6% year-on-year decrease in revenues to €155 million (Q1 2014: 166 million). The operator’s group performance had been impacted by an unfavourable set of European football results recorded throughout the industry, combined with further declining performances on its online casino and poker verticals Positives saw bwin.party …

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bwin.party in advanced discussion with potential buyers

Having announced no corporate growth in its 2014 full year performance this Wednesday, bwin.party governance has revealed that it has received several offers from interested parties in buying its business divisions or all of the Company. Non-Executive Chairman Philip Yea stated that the company was in advanced discussions with potential buyers, but neglected to give further insight on how many …

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bwin.party posts 2014 operating loss of €94 million

bwin.party reported declines in all full year 2014 top line metrics as the operator posted an operating loss of – €94 million (2013: €41 million). The operator disclosed that it had been impacted by a non-cash impairment charge on its poker business and other non-core assets of €104 million, which resulted in the 2014 operating loss. The operator recorded a …

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bwin.party shares tumble due to failed acquisition talks

Friday 13 February marked a black day for Gibraltar based operator bwin.party, who lost almost 20% of its FTSE value as news reached traders that corporate suitors were no longer interested in its business. The FTSE 250 listed igaming and sports betting operator would see its shares take a hit of 18.95P to 83.55p by end of trading on Friday …

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bwin.party sees improved betting performance, as other verticals decline

European igaming operator bwin.party reported increased revenues of 2% for its Q3 2014 performance. During the period ending 30 September, bwin.party recorded increased total revenues of €148.7 million (£118.5 million) up from 2013: €145.7 million. Sports betting proved to be bwin.party’s leading vertical generating an 11% increase in net revenues of €58.8 million (£46.7 million) up from 2013: €52.9 million. …

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Yea & Teufelberger outline strategy for bwin.party recovery

Having reported a revenue decrease of 7% in their H1 2014 interim results, bwin.party Chief Executive Norbert Teufelberger and company Chairman Philip Yea outlined key criteria for the operator’s recovery. The company directors pinpointed to a restructuring of bwin.party senior management, with a view to bring in fresh ideas and new approaches which will aid the operator in saturated markets. …

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bwin.party sees revenue fall in H1 2014

bwin.party published its H1 interim results for 2014, the operator saw total revenues fall to €317.1 million, down from €342.5 million  year on year, for their opening six months of 2014 (reporting period ending 31 June). The operator has described its performance as mixed, seeing sports betting revenues increase by 7% to 127.4 million (H1 2013 – €119million), whilst reporting …

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bwin.party set to further cut costs

Under a new revised corporate strategy, bwin.party are set to undertake €10 million (£7.8 million) of cost cut measures, which senior management of the operator believe will help meet its end of year targets and additionally boost shareholder value. bwin.party’s trading statement published on Tuesday said the operator had benefited from the FIFA World Cup in Brazil, but the statement …

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