Bwin.Party Digital Entertainment, the well renowned online gambling operator has released its financial reports for the 1st half of 2013. Sadly, the report witnessed a huge decrease in the revenues as well as the profits. This report comes 2 years following the merger that occurred between the two online gambling operators, Bwin and Party Gaming to form Bwin.Party. After all this time, it seems that the new company is still facing difficulties on their way to regain its positions in the market. This latest financial report proves it.

This report was released by the CEO of the company, Norbert Teufelberger and it showed that during the first half of 2013, the company managed to acquire a total of 342.5 million Euros which is a 16 percent drop from the first half of 2012. As for the profits, they suffered a 34% drop to reach 60.7 million Euros. The CEO has explained that this decrease in both, revenues and profit was due to the lack of innovation and mobile offerings in certain places. He also added that the company did not provide any great offerings on the social gaming front and added that this will change greatly over the upcoming year.

Online gambling experts have stated that the assessment by the CEO is quite accurate and that the merger between the 2 companies has occurred in one of the dynamic periods in the industry. This is why the company did not succeed to meet the expectations. The dynamic period in the industry refers to the debut of the mobile gaming industry as well as social gaming. While the two companies were busy merging their online casino products such as Party Casino and Party Poker, their competitors were focusing more on the new product line of mobile gaming. This is why Bwin.Party fell behind in that race, for now.