euro adhoc: bwin Interactive Entertainment AG / quarterly or semiannual financial statement / Final results for the fourth quarter and the financial year 2007

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quaterly report

17.04.2008

Q4 2007 (pro forma consolidated)*

Record gross and net gaming revenues in Q4 2007: above levels
achieved before exiting the US and Turkish markets.

Record gross gaming revenues: up 24.8% to EUR 102.3 million (Q4 2006:
EUR 81.9 million)

Record sports betting gross gaming revenue: up 30.1% to EUR 59.5
million (Q4 2006: EUR 45.7 million); sports betting margin of 9.6%

Record net gaming revenues: up 28.4% to EUR 89.4 million (Q4 2006:
EUR 69.6 million)

894,000 active and 234,000 new active real-money customers

EBITDA (clean): up to EUR 13.2 million (Q4 2006: EUR 2.6 million)**

Profit after tax: up to EUR 51.2 million (Q4 2006: EUR minus 489.8
million)**

Financial year 2007 (pro forma consolidated)*

bwin successfully implemented the strategic goals and reports
industry´s strongest organic growth (euro-based)

Gross gaming revenues of EUR 350.3 million: up 21.4% (FY 2006: EUR
288.6 million)

Record sports betting gross gaming revenue: up 19.0% to EUR 191.8
million (FY 2006: EUR 161.1 million); sports betting margin of 8.7%

Net gaming revenues: up 25.8% to EUR 309.5 million (FY 2006: EUR
246.0 million)

1.6 million active and 798,000 new active real-money customers

EBITDA (clean): up to EUR 62.9 million (2006: EUR minus 5.4
million)**

Profit after tax: up to EUR 50.4 million (2006: EUR minus 539.6
million)**

*2006 excluding US- and Turkish operations; 2007 excluding Turkish
business ** 2006 including US- and Turkish operations; 2007 including
Turkish business

In 2007 the bwin Group successfully implemented the strategic goals
set out in late 2006. After having mastered the challenges of 2006
such as the closure of the US market, the Group concentrated in 2007
on its core products and markets, determined to restore profitability
and deliver continuing value to its shareholders.

bwin reported earnings before interest, tax, depreciation and
amortization (clean EBITDA) of EUR 62.9 million in 2007, compared to
EUR minus 5.4 million for the same period the previous year. As a
proportion of net gaming revenues, this is equivalent to a clean
EBITDA margin of 20.1%. Adjusted for customers´ deposits, the Company
had a net cash position at the end of 2007 of EUR 43.4 million (2006:
EUR 16.3 million).

Compared to its most important competitors, which report in USD or
GBP, in 2007 bwin reported the strongest organic growth of net gaming
revenues in a euro-based comparison.

Net gaming revenues (gross gaming revenues less all deductions such
as betting duties, casino taxes and bonuses granted to customers)
amounted to EUR 309.5 million in 2007. This represented an increase
of 25.8% compared to FY 2006 (EUR 246.0 million). This was
attributable mainly to an increase in net gaming revenues from poker
to EUR 74.4 million (up 49.7% compared to 2006), and sports betting
to EUR 165.9 million (up 23.3% compared to 2006).

As previously reported in connection with the bwin Games transaction
(formerly the Ongame Group), during 2007 a majority of the sellers of
Ongame entered into a contractual agreement in which they waived the
unpaid part of the purchase price still due to them. In 2007 bwin
stated a reversal of impairment charges in the amount of EUR 58.9
million (2006: impairment charges in the amount of EUR 516.6 EUR)
resulting mainly from this agreement. As a consequence, the operating
result (EBIT clean) for 2007 improved to EUR 72.8 million (2006: EUR
minus 585.8 million).

A profit after tax of EUR 50.4 million was reported for 2007, in
comparison with a loss after tax and minority interests of EUR 539.6
million in 2006.

The complete report on the final results on the fourth quarter 2007
and the financial year 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
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ots Originaltext: bwin Interactive Entertainment AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investoren:

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

Presse:

Kevin O'Neal, Pressesprecher

bwin Interactive Entertainment AG

Boersegasse 11, 1010 Vienna, Austria

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

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


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