euro adhoc: bwin Interactive Entertainment AG / quarterly or semiannual financial statement / bwin Interactive Entertainment AG - First quarter of 2007

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3-month report

14.05.2007

Significant improvement of results for bwin - now world's biggest
publicly listed online gaming provider

Gross gaming revenues of EUR 89.4 million (Q1 2006: EUR 71.3 million
excl. US operations)

Gross revenue from sports betting EUR 50.1 million (Q1 2006: EUR 39.2
million); sports betting margin of 9.5 per cent

729,000 active and 182,000 new active real-money customers

EBITDA of EUR 23.2 million (Q1 2006: EUR 14.8 million)

Result after tax EUR 9.9 million (Q1 2006: EUR 1.5 million)

For the first time ever in Q1 2007 now ended, bwin was able to
achieve the goal it had pursued since 2004 of becoming the Number One
world-wide, in terms of both the number of active customers and gross
and net gaming revenues. At the same time the reorientation of the
Company's strategy announced two quarters ago has been successfully
implemented, and significantly better results reported.

In Q1 2007 bwin generated gross gaming revenues (sum of gross gaming
revenues from betting operations, poker, casino and games) of EUR
89.4 million. Gross gaming revenues from sports betting rose by 27.8
per cent compared to Q1 2006 to EUR 50.1 million, with a sports
betting margin of 9.5 per cent.

Although the number of active customers in Q1 2007 rose by 10.7 per
cent compared to Q1 2006, from 658,000 (excl. US operations) to
729,000, this indicator fell by 6.1 per cent compared to Q4 2006
(776,000 excl. US operations). A total of 182,000 customers were
active for the first time in Q1 2007 (Q1 2006: 259,000 or Q4 2006:
213,000, excl. US operations in each case). The decline in new active
customers and less effective churn management by comparison were
attributable mainly to a drastic reduction in the marketing budget.
Various inertia effects, particularly in the case of sport
sponsoring, produced an unfavourable marketing mix in Q1 2007. This
may persist for the next three quarters, and can only be completely
optimized during the course of the coming year. In the short term,
the Company could therefore face weaknesses in the activation of
customers and less dynamic growth of new customers. Apart from this,
at the beginning of March 2007 the Company also temporarily suspended
its offering of online gaming products in Turkey.

As a result of the strategic reorientation already announced,
operating expenses of EUR 67.1 million in Q1 2007 were down by
comparison to both Q1 2006 (EUR 75.3 million) and Q4 2006 (EUR 87.1
million), making a significant contribution to the improved results.

Earnings before interest, taxes, depreciation and amortization
(EBITDA) rose to EUR 23.2 million, an increase of 56.9 per cent
compared to Q1 2006 (EUR 14.8 million). Operating income rose from
EUR 1.5 million in Q1 2006 to EUR 12.3 million in Q1 2007. A profit
after tax and third-party interests of EUR 9.9 million was reported
for Q1 2007, as compared to a profit of EUR 1.5 million for the
comparable period the previous year.

The complete report on the first quarter of 2007 can be found online
on the bwin investor relations website at www.bwin.ag, where it can
also be downloaded in PDF format.

end of announcement euro adhoc 15.05.2007 08:00:00
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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.ag
http://www.bwin.ag

Press:
Karin Klein, Corporate Communications
bwin Interactive Entertainment AG
Boersegasse 11, 1010 Vienna, Austria
Tel.: +43 (0) 50 858-20008
E-mail:press@bwin.org
http://www.bwin.ag

Branche: Casinos & Gambling
ISIN: AT0000767553
WKN: 936172
Index: ATX, Prime.market
Börsen: Wiener Börse AG / official dealing