* Bwin.party says trading meets expectations
* Pushes for liberalisation of German betting rules
LONDON Jan 10 Bwin.party digital entertainment
said Germany should allow online gambling companies to
compete on a level playing field with locally based operators.
The company, the world's largest listed online gaming group,
also said trading since the end of September had been in line
with management expectations.
"Gross win margins in sports betting returned to more
normalised levels in November after a very strong run of results
in October," the company said.
Formed by the 2011 merger of Bwin and PartyGaming, the
company forecast EBITDA margins of between 19.5 and 20.5 percent
for the full-year 2012 and 65 million euros ($84.8 million)of
synergies in 2013.
Bwin.party was one of 12 operators given six-year licences
in December to operate online casino and poker games in the
northern German state of Schleswig-Holstein.
It pressed its case for more liberal betting rules across
Germany, its largest market.
"There is now a question over how the existing regime in
Schleswig-Holstein can co-exist with the alternative system
proposed by the other 15 Laender (German states) that seeks to
allow sports betting only and with significant additional
restrictions for the online offer, restrictions that do not
apply to land-based operators," the company said.
The company is also concerned that Schleswig-Holstein is
considering reversing course to fall back into line with the
rest of Germany.
"Whilst we welcome the move to regulate the online gaming
market in Germany, this must be in a consistent and coherent
manner in-line with EU law," the company said.