bwin Interactive Entertainment AG Results for the First Half of 2007 (pro-forma consolidated)

VIENNA, Austria, August 23 /PRNewswire-FirstCall/ -- - Gross gaming revenues of EUR 165.1 million (H1 2006: EUR 144.9 million excl. US operations)

- 1.1 million active and 378,000 new active real-money customers - EBITDA at EUR 30.0 million (H1 2006: -EUR 3.8 million) - Result after tax EUR 4.3 million (H1 2006: -EUR 27.1 million)

bwin increased gross gaming revenues (excl. US operations) to EUR 165.1 million for H1 2007, up 13.9 per cent over H1 2006, which was dominated by the Soccer World Championships in Germany. This result was achieved despite the suspension of the Company's range of online gaming products in Turkey at the beginning of March 2007 and a below-average sports betting margin in Q2 2007.

Gross gaming revenue from sports betting rose by 8.3 per cent compared to H1 2006, to EUR 87.5 million (H1 2006: EUR 80.8 million), with a sports betting margin of 8.4 per cent in H1 2007. Gross gaming revenues generated from the poker, casino and games sectors amounted to EUR 40.0 million (H1 2006: EUR 28.9 million excl. US operations), EUR 30.7 million (H1 2006: EUR 28.8 million excl. US operations) and EUR 6.8 million (H1 2006: EUR 6.5 million excl. US operations) respectively.

The development of active and new active real-money customers in H1 2007 was significantly affected by the suspension of the Company's range of online gaming products in Turkey at the beginning of March 2007, and a marked reduction in the marketing budget. The latter had a particular impact on the growth of new customers. The marketing mix is only expected to be optimized during the coming year, due to the inertia effects in sports sponsoring. By comparison with H1 2006 when the Soccer World Championships took place, in H1 2007 the number of active customers declined by 12.8 per cent, from 1,253,000 (excl. US operations) to 1,093,000. Of these, a total of 378,000 customers were active for the first time in H1 2007 (H1 2006: 717,000 excl. US operations).

As a result of the strategic reorientation already announced, operating expenses of EUR 135.7 million in H1 2007 were down in comparison to H1 2006 (EUR 176.1 million), making a significant contribution to the improved results.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 30.0 million compared to H1 2006 (EUR -3.8 million). Operating income (EBIT) rose from EUR -30.2 million in H1 2006 to EUR 7.4 million in H1 2007. A profit after tax and third-party interests of EUR 4.3 million was reported for H1 2007, in contrast to a loss of EUR 27.1 million for the comparable period the previous year.

The complete report on the first half of 2007 can be found online on the bwin investor relations website at: http://www.bwin.ag/media/pdf/quartals_berichte/quartalsbericht_q2_2007_en.pdf where it can also be downloaded in PDF format.

Investors: 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/ Press: Karin Klein, Corporate Communications bwin Interactive Entertainment AG Boersegasse 11, 1010 Vienna, Austria Tel: +43-(0)-50-858-20008 E-mail: press@bwin.org http://www.bwin.ag/

CONTACT: Investors: Konrad Sveceny, Investor Relations, bwin
Interactive Entertainment AG, Boersegasse 11, 1010 Vienna, Austria, Tel:
+43-(0)-50-858-20017, E-mail: investorrelations@bwin.ag ; Press: Karin Klein,
Corporate Communications, bwin Interactive Entertainment AG, Boersegasse 11,
1010 Vienna, Austria, Tel.: +43-(0)-50-858-20008, E-mail: press@bwin.org