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Unibet second quarter profits double

Online sportsbetting company Unibet plc has enjoyed a bumper second quarter thanks to in-game betting and the Euro 2008 football action, the management disclosed this week, highlighting doubled profits. In-game (live) betting accounted for 23 percent of Q.2 gross win revenue for the firm's sportsbook.
 
Net income rose to GBP 3.55 million, up from GBP 1.61 million in the same period last year, as winnings from sports bets jumped by almost nine-tenths and sales set new records during the month-long soccer championship, whilst additional revenues flowed from the Maria Bingo website, purchased last December (see previous InfoPowa reports).
 
"With the European championship as a highlight, we reached a new record in active customers,'' CEO Petter Nylander noted.
 
However, looking at the half year to date picture, currency exchange costs on the Euro 100 million bond arranging by Unibet to buy Maria Bingo proved to have an expensive impact on results, costing the firm almost half its pre-tax profits. Unibet’s pre-tax profits for the first half of the year amounted to GBP 6.9 million (GBP 10.5 million in H1 2007). That figure would have risen to GBP12.7 million without the currency exchange loss of GBP 5.8 million the company had to take on the bond during the period.
 
The company’s gross win revenue rose to GBP 59.2 million during the period (GBP 37.6 million last time), and quarterly sports margins excluding in-running betting and bonuses rose to 7 percent from 5.4 percent over the same period last year. 
 
Q2 gross win came to GBP 9.6 million, compared with GBP 5 million last year, and over the half year reached GBP 21.4 million (H1 2007: GBP 14.7 million).
 
On the non-sports betting front gross winnings reached GBP 19.5 million (Q2 2007: GBP12.2 million) and GBP 40.3 million for the half year (H1 2007: GBP 25 million). Online poker and casino operations  made up 31 percent and 53 percent respectively of non-sports betting winnings during the second quarter.
  
Unibet's customer base jumped almost 10 percent over Q1 2008, making a total of 316 780 registered players on the company's books.
 
The company took the opportunity to announce an agreement to buy online sports-media company Guildhall Media Invest Ltd. for Euros 150 000 in cash, assuming Euro 4.2 million in debts as part of the deal.



Gambling News :

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.

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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.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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