Key Takeaways
- bwin.party trading update announces plans for November launch in New Jersey.
- The opportunity may be smaller than investors expect, as PokerStars has partnered with the Resorts Casino Hotel.
- New software to be launched in August and €70m of cost savings complete the good news.
- The trajectory of the company’s revenues is not part of the good news, as this quarter continues the slide seen in the first three months of the year.
The latest trading update from bwin.party says that they are on target to get their New Jersey gambling license application in by the end of the month, with an expected launch date of November this year.
