The half-year for Bwin.Party revealed revenue up three per cent to €410m, with growth in operations across the board and despite synergy influences following the merger with PartyGaming in March last year.
Profits were up 13 per cent to €92.3m despite increased gaming duties from a number of jurisdictions. The report also shows that a social games unit has been established by the company with “a substantial dedicated development team.”
The company increased its half-year dividend by 10 per cent to 1.72 pence per share, compared with 1.56 pence for the same period of last year. The board remains confident for the full year results, despite net gaming revenue down eight per cent, compared with the second quarter when the Euro 2012 football championships influenced the figures.
The joint CEOs, in a report on the half-year, noted that in the past 12 months the company returned €100m to shareholders through share buy-backs and dividends.
Bwin.party recently signed a deal with English Premier league football club Manchester United.
