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Unibet Earnings Revenues up 16 percent to GBP 14.8 million
5/5/10 - Internet gambling operator Unibet plc has posted a positive set of results for the first quarter 2010, reporting that revenues reached GBP 41.8 million, a 16 percent rise on the same quarter in 2009.
Sports betting revenues were Unibet’s strong suit, rising 23 percent on Q1/2009 to GBP 17.6 million.
Chief executive Petter Nylander described the pre-eminence of sports betting as evidence of a resurrection of the sector as the key to player acquisition, cross marketing and loyalty. Mobile and live betting were particularly strong performers in the sports betting sector, with live betting accounting for 36.5 percent of sports bet revenues – up from 21.5 percent from Q1/2009. It also contributed 65 percent of the more than 350 000 bets placed through the company’s mobile channel in the first quarter.
Unibet’s core online casino product contributed 34 percent of the group’s total revenues during the quarter.
Despite the improved action, earnings before interest and taxes fell 3 percent to GBP 10.6 million (Q1/2009: GBP 10.9 million), due mainly to a 19 percent increase in marketing spend over the quarter to GBP 24.9 million, invested in preparing for football World Cup betting action starting in June.
Chief financial officer Henrik Tjarnstrom revealed that the group intends to pursue a French licence to take advantage of the newly liberalised market in that country this year.
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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