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UNIBET TURNS IN STRONG QUARTER 4 PERFORMANCE
02/19/2012 : Revenues up by 26 percent to GBP 44.7 million – lifts full year numbers
The European internet gambling group Unibet plc has posted a strong Q4-2011 performance, with gross winnings revenue revenue up by 26 percent to GBP 44.7 million, continuing Unibet’s recovery from a weak H1-2011 and lifting revenues for the full year 5 percent to GBP 154.4 million (FY-2010 GBP147.5 million).
Other highlights included:
· Profit from operations amounted to GBP 12.1 (9.6) million for the fourth quarter of 2011 and GBP 38.8 (34.2) million for the full year 2011.
· Profit before tax for the fourth quarter of 2011 amounted to GBP 11.9 (9.2) million. Profit before tax for the full year 2011 amounted to GBP 38.1 (33.8) million.
· Profit after tax for the fourth quarter of 2011 amounted to GBP 11.3 (10.0) million. Profit after tax for the full year 2011 amounted to GBP 35.5 (32.4) million.
· Operating cash flow before movements in working capital amounted to GBP 15.0 (11.7) million for the fourth quarter 2011 and GBP 48.5 (44.5) million for the full year 2011.
· Number of active players at the end of the quarter was 400,697 (308,872).
· The group successfully completed the acquisition of Solfive for a total cash consideration of GBP 8.1 million (see previous InfoPowa reports).
“We are very satisfied to announce another quarter with strong organic growth," said chief executive Henrik Tjärnström.
"Our focus on core markets continues to deliver excellent results with all time high revenues for the Nordic region and this growth has been achieved across both the Unibet and Maria brands. The sustained positive development we have seen in the products offered under the Maria brand continued strongly in this quarter, so that Maria delivered an all time high for both the quarter and the full year.
“During the first six weeks of 2012 we have seen continued good growth both in terms of revenue and customer registration. We also see encouraging growth in customer intake in Denmark."
Tjärnström said that pursuant to Unibet's acquisition strategy, the company had made two strategic investments to broaden the geographical and product range, one in France (Solfive) and one in Australia (BetChoice).
"This combined with our developments towards local licences such as our new Danish licence, is rapidly transforming Unibet into a leading regulated market player,” he claimed.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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