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Unibet Q3 pre-tax profits fall 22 percent
11/2/09 - The European-facing Internet gambling group Unibet.com is the latest gambling company to feel the chill of big player wins on football results, announcing this week that its third quarter pre-tax profits sank 22 percent to GBP3.5 million (Q3 2008: GBP 4.5 million).
The downward trend is especially disappointing coming on the heels of half year 2009 numbers that showed pre-tax profit well up at GBP 16.6 million (Half Year 2008: GBP 6.9 million).
In-play betting proved to be a major contributor for the group, CEO Petter Nylander revealed, describing in-play betting as the driving force behind Unibet's record sportsbook turnover and 3 percent year-on-year rise in third quarterly gross winnings revenue to GBP 30.1 million (Q3 2008: GBP 29.3 million).
Active customer numbers grew 25 percent over Q3 to 330 000 as the group's marketing initiatives bore fruit.
“During October, the gross winnings margin has been higher than the long-term average, highlighting the short-term volatility of sports betting margins and that it is important to look at margins over at least one-year periods,” said Nylander.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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