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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 :

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

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