Bwin gaming group hit by Greek internet block

 
Oliver Smith
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ONLINE gambling group Bwin.party said yesterday that blocks by Greek internet service providers would hit earnings this year.

“In Greece, despite an outstanding infringement notice issued by the European Commission, ISP blocking since August 2013 has, in contravention of EU law, continued to restrict customers from accessing over 400 online gaming sites, including those of bwin.party” the company said yesterday in an interim management statement.

Bwin reported revenue fell 21 per cent during its third quarter to €145.7m (£122.2) as the company changes its strategy to focus on a smaller number of markets where it hopes to make higher returns.

Bwin’s shares rose 4.42 per cent yesterday to 130p.