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More mobile gamblers in Q4

2/18/10 - Mobile gambling was one of the top performers in Unibet's latest fourth quarter results as the number of players using this channel soared by 136 percent to 5 372 (Q3 2 281), chief executive Petter Nylander reported this week.
 
“We really saw a breakthrough during the second half of 2009 after we re-launched our iPhone version during Q3 this year. The customers enjoyed it and used it at numbers we can speak about. We think the mobile channel for ourselves and the industry will become a channel with some prominence for the future,” said Nylander, attributing the success to the growing market penetraion of smart phones.  Unibet's mobile service is powered by the Swedish Mobenga technology provider.
 
Other achievements reported by the company included all time highs in active customers and sportsbook gross winnings revenue and:
 
* Gross Winnings Revenue amounted to GBP 42.1 (34.9) million for the fourth quarter of 2009 and GBP 138.3 (123.4) million for the full year 2009.
 
* Profit from operations amounted to GBP 11.0 (12.8) million for the fourth quarter of 2009 and GBP 32.8 (36.5) million for the full year 2009.
 
* Result before tax for the fourth quarter of 2009 amounted to GBP 8.7 (-0.3) million. Profit before tax for full year 2009 amounted to GBP 28.9 (11.1) million.
 
* Result after tax for the fourth quarter of 2009 amounted to GBP 8.4 (-0.9) million. Profit after tax for the full year 2009 amounted to GBP 26.8 (8.8) million.
 
* Operating cash flow before movements in working capital amounted to GBP 13.3 (15.3) million for the fourth quarter 2009 and GBP 42.7 (46.8) million for the full year 2009.
 
* Number of active customers at the end of the quarter was 365 865 (292 168).
 
The Board of Directors proposed a dividend of GBP 0.71 (0.23) per share/SDR, which amounts to a proposed distribution to shareholders of GBP 20.0 (6.4) million.
 
Full-year EBITDA fell 10 percent year-on-year to GBP 41.9 million, from GBP 46.3 million in 2008, which the company said showed the “investment in marketing ahead of the sporting year coming up.”
 
Looking forward, Nylander said that the first six weeks of 2010 had seen good growth in the business with live betting as an important driving force.
 
“Another important step for Unibet has been the decision to participate in the global sportsbook B2B market and offer our proprietary Sportsbook and risk management services to external customers," said Nylander, describing the sector as a large opportunity market. 
 
“During the fourth quarter we made an early redemption of the Euro bond and expect to save between Euros 4 and 5 million in finance costs during the facility’s duration compared to holding the bond to maturity. This saving includes early redemption costs of GBP 1.2 million that has been charged to the consolidated income statement in the fourth quarter of 2009,” Nylander revealed.
 
The company hopes to prosper from the opening of the French market during 2010, given its strong positioning and the comparatively underdeveloped nature of the remote gaming portion of the overall gambling market, which Nylander felt currently represented around 5 percent of the overall action when compared to Scandinavia and the UK, “...where we think the online side of the overall gambling market is maybe 25 to 30 percent.”



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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