EANS-Adhoc: bwin Interactive Entertainment AG / Q1 2010

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quarterly report

12.05.2010

First quarter 2010

Key financial indicators (pro forma consolidated, unaudited)

EUR million Q1 2010 Q1 2009 % YoY Q4 2009 % QoQ
Gross gaming revenues 133.2 117.6 13.2% 132.9 0.2%
Net gaming revenues 109.2 102.1 7.0% 109.8 -0.5%
Total revenues 120.1 119.4 0.5% 125.4 -4.2%
EBITDA (adjusted*) 30.3 36.0 -15.8% 34.3 -11.7%
EBITDA 29.1 33.7 -13.7% 30.9 -6.0%
EBIT 18.2 21.9 -17.0% 21.2 -14.2%
Result after tax 17.6 18.9 -7.3% 19.3 -9.2%

Highlights of business development in Q1 2010

• Record turnover for sports betting underlines market leadership
• bwin optimally positioned to seize opportunity resulting from Soccer
World Cup, opening-up of French market and additional product launches in Italy
Q1 2010 (pro forma consolidated)
• Gross gaming revenues of EUR 133.2 million, or EUR 116.7 million excl.
Gioco Digitale (Q1 2009: EUR 117.6 million)
• Sports betting margin 7.5% (Q1 2009: 8.2%)
• Net gaming revenues of EUR 109.2 million, or EUR 100.7 million excl.
Gioco Digitale (Q1 2009: EUR 102.1 million)
• EBITDA (adjusted*) of EUR 30.3 million (Q1 2009: EUR 36.0 million) or
EUR 33.1 million excl. special items** (Q1 2009: EUR 32.6 million)
• Result after tax of EUR 17.6 million (Q1 2009: EUR 18.9 million)

Further significant increase in results anticipated for 2010

• For 2010 bwin still anticipates a significant increase in both gross
gaming revenues and profit for the year. Analysts´ current EBITDA forecasts of
the order of EUR 130 million are in line with management´s present expectations.
Compared to the original forecasts, they now reflect delayed product launches in
Italy and the regulated opening of the French market in June 2010.
• April 2010 daily gross gaming revenues increased by 20.6% to EUR 1.34
million or by 6.7% excl. Gioco Digitale (EUR 1.18 million excl. Gioco
Digitale)compared to the same period the previous year.

*Excluding non-cash expenses in connection with share-based payment
(IFRS 2) ** Adjusted EBITDA excluding marketing rights revenue to the
German Soccer League (DFL) and currency fluctuations

The complete report on the results of the Q1 2010 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:

Katharina Riedl, Corporate Communications

bwin Interactive Entertainment AG

Boersegasse 11, 1010 Vienna, Austria

Tel.: +43 (0) 50 858-20069

E-mail:press@bwin.org

http://www.bwin.org

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