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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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