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Unibet Q1 Earning Results
Online gambling group Unibet plc has reported a promising first quarter for 2009 that includes a 15 percent increase in gross winnings to GBP 36.1 million (Q1 2008: GBP 31.3 million) and a 270 percent increase in pre-tax profit to GBP 10.7 million (Q1 2008: GBP 2.9 million)
Highlights from the report, which will be discussed later today (Monday) by Unibet’s CEO Petter Nylander and CFO Henrik Tjärnström, include:
* Gross winnings revenue GBP 36.1 million for the first quarter of 2009.
* Profit from operations up at GBP 10.9 (Q1 2008: GBP 10.3 million.)
* Profit before tax for the first quarter well up at GBP 10.7 (Q1 2008: GBP 2.9 million.)
* Profit after tax rose to GBP 10.0 (Q1 2008: GBP 2.2 million.)
* Operating cash flow before movements in working capital amounted to GBP 13.5 million (Q1 2008: GBP 13.2 million)
* Number of active customers at the end of the quarter was 314 977, up 8 percent from the same period a year ago.
Petter Nylander, CEO of Unibet, said: “Our strong business model and the well balanced product portfolio have resulted in another strong quarter in terms of gross winnings and operating cash flow.
"During the quarter the number of active customers increased by almost 8 percent and we have continued our successful geographic expansion.
“The experience and structure capital that we have gained in our own sports book gives us a competitive advantage in many areas and are fundamental in the strength of our brand and our customers user experience."
Gambling News :
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.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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