Bwin Stocks Jump
October 12, 2009 (CAP Newswire) — Continuing a trend of market dominance, Austrian-based online betting leader bwin has reported an impressive four percent rise in its stock price, now valued at 34.23 euros.
The news comes after “Barclays Capital starts coverage of the stock with an ‘overweight’ rating and a target price of 45 euros,” reports Reuters UK.
Promisingly, the report from Barclays also states that the entire European-centered online gambling and betting markets will continue to enjoy strong revenue growth in the coming years, especially as markets in Italy and France continue to open up.
"bwin is our top pick in the online industry due to its strong positioning in key European markets," the Reuters article quoted BarCap. "In Italy, we forecast the acquisition of Gioco Digitale to grow poker revenue by 100 percent in 2010 … In France and Spain, bwin is also well positioned to take advantage of regulation."
To read the complete Reuters UK report, click here. For more information on bwin's online gaming affiliate program, click this link.