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August 24, 2007
The EU’s largest online gambling company, Austrian giant Bwin Interactive, has published second quarter results showing the company has reduced its losses compared to the same period last year. Bwin, a significant player in the online bingo industry providing bingo games online and other bingo-related products, reported losses of Euro 5.6 million as compared to losses of Euro 28.6 million last year. The company has confirmed its quarterly marketing and promotion costs have been reduced to Euro25.6 million, a noteworthy saving compared to the Euro 60 million spent last year. The results will be a boost to Bwin which saw difficult times dealing with issues relating to the US market and the introduction of tough anti-online gambling legislation in that country. Written by John Witherspoon - Play bingo online at http://bingostreet.com/ and read our online bingo blog.
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