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Unibet HY1 Interim Report

Wednesday August 7,2013 : UNIBET PRESENTS INTERIM REPORT
 
Mobile now contributes 19 percent of gross winnings revenue
 
Unibet Group plc turned in a respectable HY1 interim report for the period January - June 2013 saying it is optimistic on the success of new marketing initiatives and the continued growth of its mobile channel.
 
Key performance highlights over its second quarter include:
 
-   Gross winnings revenue amounted to GBP 54.1 million (Q2/2012: GBP 45.3 million)
 
-   EBITDA was GBP 12.0 million (Q2/2012: GBP 11.8 million)
 
-   Profit amounted to GBP 7.3 million (Q2/2012: GBP 6.4 million).
 
-   Profit before tax amounted to GBP 7.2 million (Q2/2012: GBP 6.4 million).
 
-   Profit after tax amounted to GBP 6.7 million (Q2/2012: GBP 5.7 million).
 
-   Number of active customers for the quarter was 446,649 (Q2/2012: 427,207).
 
Key performance highlights for the half year period ending June 2013 include:
 
-   Gross winnings revenue amounted to GBP 113.4 million (HY1/2012: GBP 96.5 million).
 
-   EBITDA was GBP 29.1 million (HY1/2012: GBP 27.1 million)
 
-   Profit amounted to GBP 19.8 million (HY1/2012: GBP 18.1 million).
 
-   Profit before tax amounted to GBP 18.6 million (HY1/2012: GBP 18.1 million).
 
-   Profit after tax amounted to GBP 17.2 million (HY1/2012: GBP 16.4 million).
 
Unibet reported continued growth in its mobile offering which now comprises over 19 per cent of gross winnings revenue compared to 8 per cent in the same period last year.
 
Continued investment in marketing initiatives has assisted in the company's market share growth, said Henrik Tjärnström, chief executive officer of Unibet.
 
Current trading in the first five weeks of the third quarter has yielded an encouraging increase of around 10 percent in daily gross winnings compared to the same period in 2012.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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