Chief executive Norbert Teufelberger says that Bwin.Party Digital Entertainment (BPTY) will be "the business it has always wanted to be" by 2015. That will involve "fundamental changes" to transform the online gaming company's operational performance.
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This admission follows a poor first half. While the sports betting and casino divisions grew revenue by 14 and 7 per cent respectively in regulated markets, this wasn’t enough to offset a soft poker market and the loss of €11.9m revenue from Greece, which Bwin.Party pulled out of following a particularly fierce regulatory crackdown. Overall, adjusted cash profits fell to €46.4m (from €60.7m in 2013).