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UNIBET POSTS A STRONG FOURTH QUARTER

Wednesday, February 10, 2016 : UNIBET POSTS A STRONG FOURTH QUARTER AND F.Y. REPORT
 
The UK now online gambling firm's largest locally-regulated market.
 
Online gambling group Unibet has published a strong set of fourth quarter and full year results, highlighting the following achievements:
 
* New all-time high in gross winnings revenue of GBP 111.4 (78.0) million for the fourth quarter of 2015 and GBP 354.1 (312.0) million for the full year 2015;
 
* Underlying profit for the fourth quarter was GBP 24.6 (16.8) million and GBP 69.7 (64.5) million for the full year 2015;
 
* Profit before tax for the fourth quarter of 2015 amounted to GBP 21.3 (15.4) million. Profit before tax for the full year 2015 amounted to GBP 62.2 (99.0) million;
 
* Profit after tax for the fourth quarter of 2015 amounted to GBP 19.4 (13.5) million. Profit after tax for the full year 2015 amounted to GBP 55.7 (93.4) million;
 
* During the fourth quarter of 2015 recent acquisitions Stan James Online and iGame Group contributed GBP 13.0 million in gross winnings revenue and GBP 2.7 million in normalised EBITDA;
 
* Number of active customers at the end of the quarter was 921,150 (570,360) of which 156,208 were customers of the businesses acquired in 2015.
 
* A dividend of GBP 1.88 (1.64) per share has been recommended by the board.
 
Henrik Tjärnström, CEO of Unibet revealed that the company has achieved market-leading growth in its fourth quarter, generating a 43 percent increase in gross winnings revenue as reported in GBP compared with the same period in 2014, and 57 percent in constant currencies.
 
"The organic growth in Unibet and Maria was 26 percent as reported in GBP (40 percent excluding the effect of changes in currency translation rates), he said Tuesday.
 
“The focus on scalability across the group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 percent in GBP. Mobile was 56 percent of gross winnings revenue compared with 51 percent in the third quarter.
 
“The acquisitions have also accelerated the transformation of our business, and locally-regulated revenues are now 34.3 percent of gross winnings revenue compared with 28.4 percent in the third quarter of 2015.2
 
"The UK, the world’s largest locally-regulated gambling market, is now our largest locally-regulated market.”
 
Tjärnström reported that in the period up to 7 February 2016, average daily gross winnings revenue has increased by approximately 45 percent in GBP and approximately 47 percent in local currencies over the same period in 2015.
 
"Excluding iGame Group and Stan James Online the organic increase is more than 30 percent in constant currency,” he noted.
 
Unibet Group is one of Europe’s largest listed online gambling operators and is listed on Nasdaq Stockholm. It provides services in 21 languages to over 13.5 million customers in over 100 countries through several subsidiaries and brands.

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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

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