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Unibet 2011 Results

Wednesday August 10, 2011 : Profit down due to exit of French market and World Cup adjustment
 
Swedish online gambling operator Unibet Group plc continued to show the impact of its French market withdrawal and comparisons to the World Cup 2010 period in the company's Q2/2011 and HY1/2011 results.
 
The company's online Maria brand performed strongly delivering record gross winnings revenue up over 35 percent compared to last year with growth in Casino and Games products now accounting for 60 percent of the brands revenue.
 
Poker continues to deliver disappointing results for the company.
 
Key Performance indicators for the Quarter 2/2011 period include:
 
•           Gross Winnings Revenue amounted to GBP 34.3 million (Q2/2010: GBP 39.2 million).
•           Profit from operations amounted to GBP 7.3 million (Q2/2010: GBP 8.4 million)
•           Profit before tax amounted to GBP 7.2 million (Q2/2010: GBP 10.0 million).
•           Profit after tax GBP 6.7 million (Q2/2010: GBP 9.1 million)
•           Number of active customers for the quarter was 301,038 (402,091).
 
Key Performance Indicators for the first half year 2011 include:
 
•           Gross Winnings Revenue amounted to GBP 71.8 million (HY1/2010: GBP 81.0 million).
•           Profit from operations amounted to GBP 18.4 million (HY1/2010: GBP 19.0 million).
•           Profit before tax amounted to GBP 18.0 million (HY1/2010: GBP 20.3 million).
•           Profit after tax amounted to GBP 16.7 million (HY1/2010: GBP 18.6 million).
 
Henrik Tjärnström, CEO, Unibet commented on the results:
 
“I am pleased to report another quarter of strong underlying results. Excluding the additional effect of the World Cup in 2010 and adjusting both for France (22 percent of overall revenue in Q2/2010) and for the positive currency benefits in 2011, Unibet’s underlying growth in gross winnings revenue was 16 percent year-on-year.
 
“During the first half of 2011 we have assessed a number of possible acquisition targets in line with our strategy to focus on opportunities for controlled growth in new regions with potential for long-term profitability. We continue to evaluate potential consolidation or growth opportunities while keeping a strong focus on the core business.”



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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