EANS-Adhoc: bwin Interactive Entertainment AG / Q2 and first half of 2009

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quarterly report

20.08.2009

Key financial indicators (pro forma consolidated)

EUR million Q2 09 Q2 08 % YOY H1 09 H1 08 % YOY
Gross gaming revenues 95.1 102.7 -7.3% 212.8 207.2 2.7%
Net gaming revenues 77.8 88.0 -11.7% 179.9 179.9 0.0%
Total revenues 96.7 104.7 -7.7% 216.1 207.2 4.3%
EBITDA (adjusted*) 15.1 10.6 42.2% 51.1 36.5 40.0%
EBIT 0.0 -6.8 n.m. 21.9 5.5 298.5%
Result after tax 0.1 -6.7 n.m. 19.1 4.3 345.9%

Development of business in Q2 2009

• Improved profitability thanks to successful cost control;
• Favourable outcomes of sporting events from customer's perspective
result in below-average sports betting margin;
• Sound development of poker and games segments;
• Number of active customers almost at Euro 2008 level;
• Further improvement of net cash position;
• Successful implementation of online gaming industry´s biggest-ever
software migration project provides basis for future growth of poker business;
• Record level for availability of sports betting platform (99.84%)
underlines technology lead;
• New backgammon platform launched in games segment;
Q2 2009 financial figures (pro forma consolidated);
• Betting turnover: up +2.2% to EUR 810.9 million (Q2 2008: EUR 793.4
million);
• Gross gaming revenues: down 7.3% to EUR 95.1 million (Q2 2008: EUR 102.7
million) due to below-average sports betting margin - growth in all other
product segments;
• Net gaming revenues: down 11.7% to EUR 77.8 million (Q2 2008: EUR 88.0
million);
• EBITDA (adjusted*): up 42.2% to EUR 15.1 million (Q2 2008: EUR 10.6
million);
• Increase of EBITDA margin with respect to net gaming revenues to 19.4%
(Q2 2008: EUR 12.1%);
• 1,057,000 active and 251,000 new active customers (Q2 2008: 1,095,000
and 295,000 respectively);
• Result after tax: EUR 0.1 million (Q2 2008: loss of EUR 6.7 million);
• Record net cash position: EUR 80.0 million (Q2 2008: EUR 55.4 million);

First six weeks´ revenues of Q3 2009 in line with expectations;

Outlook for 2009 confirmed;

* Excluding non-cash expenses in connection with share-based
remuneration (IFRS 2).

The complete report on the results on the Q2 and first half of 2009
can be found online on the bwin investor relations website at
www.bwin.org, where it can also be downloaded in pdf format.

end of announcement euro adhoc
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ots Originaltext: bwin Interactive Entertainment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investors:

Konrad Sveceny, Investor Relations

bwin Interactive Entertainment AG

Boersegasse 11, 1010 Vienna, Austria

Tel.: +43 (0) 50 858-20017

E-mail:investorrelations@bwin.org

http://www.bwin.org

Press:

Kevin O'Neal, Press Officer

bwin Interactive Entertainment AG

Boersegasse 11, 1010 Vienna, Austria

Tel.: +43 (0) 50 858-24010

E-mail:press@bwin.org

http://www.bwin.org

Branche: Casinos & Gambling
ISIN: AT0000767553
WKN: 936172
Index: ATX Prime, ATX
Börsen: Wien / official dealing