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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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