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Unibet Group announced solid Q1-2012 results this week

Thursday, May 10,2012 : UNIBET ONLINE DELIVERING
 
Transformation paying off says Chief
 
The Unibet Group announced solid Q1-2012 results this week.
 
Key Performance Indicators for the three month period to March 31, 2012 include:
 
-     Gross winnings revenue up 36 per cent, amounting to GBP 51.1 million (Q1/2011: GBP 37.5 million)
 
-     Successful completion of acquisition of Betchoice Corporation Pty Ltd for an initial
      AUD 20 million (GBP 13.6 million)
 
-     Expansion into regulated markets has resulted in a betting duty of GBP 3.0 million during the first quarter. M&A transaction costs were GBP 0.8 million and amortization of acquired assets were GBP 0.8 million for the first quarter.
 
-     EBITDA GBP 15.3 million (Q1/2011: GBP 13.1 million)
 
-     Profit from operations amounted to GBP 11.6 million (Q1/2011: GBP 11.2 million)
 
-     Profit before tax amounted to GBP 11.7 million (Q1/2011: GBP 10.8 million)
 
-     Profit after tax amounted to GBP 10.8 million (Q1/2011: GBP 10.0 million)
 
-     Earnings per share GBP 0.381 million (Q1/2011: GBP 0.355)
 
-     Operating cash flow before movements in working capital amounted to GBP 15.3 million (Q1/2011: GBP 13.2 million)
 
-     Number of active customers 403 788 (Q1/2011: 328 054).
 
Henrik Tjärnström, chief executive officer of Unibet comments on the results:
 
“Unibet delivered another all-time high in Gross Winnings powered by its market-leading sportsbook, Kambi Sports Solutions, while at the same time undergoing a rapid transformation as more than 15 per cent of the gross winnings revenue in the quarter came from re-regulated markets. This development will continue through the year as Australia and Bet24 are fully integrated and our recent licence in Belgium is activated.”
 
“We continue to develop the business in line with our strategy and through the acquisitions of EurosportBet, Betchoice and Bet24 we are significantly increasing our exposure to re-regulated markets and at the same time taking us into major new markets outside Europe.
 
"These strategic developments will change our business model over time and I am confident that we are building a position to be a market-leader in the next generation online market.”
 
The company reports strong revenues kicking off its second quarter, an indication it says augers well for the future.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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