LONDON, March 13 Online gambling company
Bwin.Party said it was on track for a return to growth
this year after problems in Greece and a shift away from riskier
markets hit earnings in 2013.
Earnings before interest, tax, depreciation and amorisation
fell to 108 million euros ($150.17 million) in 2013 from 164.9
million the previous year because of falling revenue, increased
gaming taxes in Germany and start-up costs in New Jersey.
"Having streamlined the shape and size of our business we
now have the foundations to return our business to sustainable
growth," Chief Executive Norbert Teufelberger said in a
Bwin.Party is concentrating on better regulated markets and
is expanding in the United States as gambling rules are relaxed
The profit figure was in line with expectations. The company
said in November that a block on access to online gambling sites
in Greece would hit annual revenue and profit, adding to the
decline caused by the strategy of focusing on fewer markets.