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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 :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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