Summary
The view from the top of business. Presented by Evan Davis, The Bottom Line cuts through confusion and spin to present a clearer view of the business world through discussion with people running leading and emerging companies.
This week, we hear from three people in the avant garde of the global gambling industry, which is said to be worth $417 billion. With smart phone and tablet technology driving a revolution in the way that people gamble, will old-fashioned betting shops and bingo halls survive? And can gambling companies really keep expanding despite recession, competition from the black market and prohibition in emerging economies?
Evan is joined in the studio by Norbert Teufelberger, CEO of the online gaming company bwin.party; Melissa Blau, director of the consultancy iGaming Capital; Juergen Reutter, Director of Mobile at the bookmaker William Hill.
Producer: Helen Grady.
Transcript
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| 0:00.0 | Thank you for downloading this program from BBC Radio 4. |
| 0:03.9 | This week in the bottom line, Evan Davis meets three high rollers from the gambling industry. |
| 0:10.4 | Hello and welcome to the program. |
| 0:12.7 | All business involves an element of risk, but this week my three guests all come from companies |
| 0:17.1 | who rely not on their own gambling but on ours. |
| 0:20.3 | Yes, it's a betting-themed programme today. |
| 0:23.2 | We look at an industry that's been turned upside down in recent years, |
| 0:26.8 | emerging out of smoky High Street bookies and bingo halls, onto mobile phones and social media. |
| 0:33.8 | We'll explore who it's appealing to and where it's going. |
| 0:37.5 | Now, I have three guests, each representing a different piece of the sector, |
| 0:42.3 | so let me ask you each to tell us a little about your company and what you're involved in. |
| 0:46.6 | And first up is Norbert Teufelberger. |
| 0:49.2 | Welcome back to the programme, Chief Executive of BWinn.com Party Digital Entertainment. And you do pretty well all of |
| 0:57.1 | it online, don't you, Norbert? Well, we are one of the leading, if not the, the largest online |
| 1:02.9 | gaming company in the world currently with leading brands in sports with B-WIN and Party |
| 1:07.6 | Poker and Poker, but we also offer an online casino and games and bingo, |
| 1:12.0 | all based on proprietary technology with about 4,000 people around the world. |
| 1:15.7 | What many people don't know, we have about 1,600 technology employees. |
| 1:19.6 | Right. And you don't do any high street retail. It's all online online. |
| 1:23.9 | It's all online and online with a very small test, which we just do for consumer testing. |
| 1:27.8 | Okay. Well, also with us is Juergen Reuter, who's director of mobile at William Hill. |
| 1:33.2 | William Hill, a very familiar and longstanding name here in the UK, Juergen. But online retail, you've got it all. |
... |
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