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Austrian sports betting company Betbull reported it lost 1.9 million Euros in the first three quarters of 2010, an improvement over the same period last year when they lost around 3 million Euros.
The Betbull business is 37 percent owned by Austrian powerhouse Bwin, which plans to merge with PartyGaming early next year.
The Betbull Group (Betbull), based out of Malta, claims to be a major provider of gaming centered retail entertainment in continental Europe. Currently Betbull derives its revenues primarily from retail betting on horses and sports and to a lesser degree from complementary food & beverage, slot machine, and online gaming offerings.
The company’s BetBull.com website simply features a message that they closed their betting exchange effective February of 2009.
- Aaron Goldstein, Gambling911.com
