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Bwin Reports Profit

August 20, 2009 (CAP Newswire) — After a rocky 2008, Austrian online gaming company Bwin Interactive has reported a profit earned in the second quarter of 2009, which it attributes to tighter cost controls.

As the world’s second-biggest online bookmaker, the rising and falling fortunes of Bwin are closely watched in the Internet gaming sector. And with this improved performance, the company is also reaffirming its overall forecast for a total profit achieved in the year 2009.

“Revenue will continue to come in on a dynamic basis,” Bwin co-CEO Norbert Teufelberger told Bloomberg news service. “The first six weeks of the third quarter have gone as planned,” he said, and “we are slightly above the results of the year before.”

Bwin’s shares rose 65 cents (2.4 percent) on the news. Read more here.