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Unibet first quarter 2016 report

Wednesday April 27,2016 : UNIBET DELIVERS A NEW SET OF ALL TIME HIGHS

In first quarter 2016 report.

Unibet is flying high, building on a previously robust set of results with a series of new all time highs.

Key performance highlights for the period ending March 31, 2016 include:

New all-time high in gross winnings revenue of GBP 122.4 million (Q1/2015: GBP 76.1 million), up 61 percent.

-    EBITDA was GBP 27.6 million (Q1/2015: GBP 14.4 million), an increase of 80 per cent.

-    Profit before tax almost doubled to GBP 22.5 million (Q1/2015: GBP 11.3 million).

-    Profit after tax doubled to GBP 20.0 million (Q1/2015: GBP 10.0 million).

-    Earnings per share is GBP 0.087 (Q1/2015: GBP 0.044).

-    Net cash generated from operating activities increased by around 90 per cent to GBP 31.4 million (Q1/2015: 16.6 million).

-    Stan James Online and iGame Group have contributed GBP 12.8 million in gross winnings revenue and GBP 3.1 million in normalised EBITDA.

-    Number of active customers at the end of the quarter was 1,007,365 (Q1/2015: 612,269).

“Unibet Group’s growth continued to develop strongly in the first quarter, with an increase of gross winnings revenue in GBP of 61 percent and 58 percent in constant currency compared to the first quarter last year. This is again significantly higher growth than the overall market and indicates that we are continuing to take market share across the board,” Henrik Tjärnström, chief executive officer of Unibet Group commented in a press statement.

The group’s mobile offerings continue to deliver strong growth and now account for 59 per cent of gross winnings revenue while its continued focus on re-regulation has accelerated the transformation of Unibet’s business showing 36 percent of gross winnings revenue garnered from locally regulated markets.

Despite substantially increased betting duties, Unibet said scalability and cost control have enabled EBITDA to grow by over 80 per cent.

And the future looks bright with average daily gross winnings for the period to April 24, 2016 increasing by around 50 percent compared to the same period last year, the company said.

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Gambling News :

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.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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