bwin
Type Public (WBAG: BWIN)
Founded 1999
Headquarters Vienna, Austria
Key people Manfred Bodner (co-CEO), Norbert Teufelberger (co-CEO), Hannes Androsch (Chairman of the supervisory board)
Industry Entertainment
Products Sports betting, online gambling
Revenue €403.5 million (2008)[1]
Operating income ▼ (€17.9 million) (2008)[1]
Profit ▼ (€12.8 million) (2008)[1]
Employees 1,410 (2008)[1]
Website www.bwin.org
bwin Interactive Entertainment AG (WBAG: BWIN), formerly Betandwin.com (until 2006), is an Austrian based online betting company. The group operates under international and regional licences in countries like Gibraltar, the Amerindian reserve of Kahnawake (Canada), and Belize; and Germany, Italy, Mexico, Croatia, Austria and, the United Kingdom in Europe. The Group offers sports betting, poker, casino games, and soft games with most revenue coming from poker and sports betting. Competence centres are located in Vienna, Stockholm, and Gibraltar.[2]
The parent company, bwin Interactive Entertainment AG, has been listed on the Vienna Stock Exchange since March 2000. The Company provides services for its subsidiaries such as marketing, finance and administration, corporate communications, controlling and IT services. All operational activities are managed by licensed subsidiaries.
On the 15 September 2006, Norbert Teufelberger and Manfred Bodner were arrested [3] at a press conference in La Turbie, France, due to offenses against the French gambling laws. After an investigation the judge released them on the evening of September 18, 2006.
As of October 2006, bwin no longer takes bets from United States players, due to the signing of the Safe Port Act.[4]
On 6 March 2007, the European Court of Justice struck down Italian national gambling restrictions in the Placanica case.[5]
The EFTA Court held hearings in January 2007 to decide on the admissibility of a state monopoly for betting and gaming according to European Law. The decision of the EFTA Court will be made on 14 March 2007.
In September 2009, bwin announced the acquisition of Italian poker operator Gioco Digitale, marking the company’s entry into the Italian online gambling market.[6]
Notes
- ^ a b c d “Annual Report 2008″. bwin.
- ^ Google Finance: bwin Interactive Entertainment AG
- ^ Online gambling bosses arrested in France via the Guardian
- ^ bwin: US SAFE Port Act signed into law by President George W. Bush
- ^ EU Court Strikes Down Italian Gambling Restriction via Bloomberg
- ^ Bwin buys Gioco Digitale for push on new Italy market, egrmagazine.com, 14 September 2009, accessed 3 December 2009.
Links
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