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UNIBET AND RANK GROUP PARTNER UP IN BELGIUM

Friday August 17, 2012 : UNIBET AND RANK GROUP PARTNER UP IN BELGIUM
 
Two experienced groups plan a third quarter launch for online casino and poker action
 
The publicly listed online and land gambling groups Unibet and Rank are teaming up to launch online casino and poker action in the regulated Belgian market, Unibet management revealed as part of the company’s Q2-2012 financial reportage this week.
 
The joint enterprise is scheduled for launch in the third quarter of 2012, once licensing from the Belgian Gaming Commission has been achieved. The requirement that online gambling operators hold an existing land licence will be met through Rank, which has two land casinos in the EU nation. Unibet already holds an online sportsbook licence.
 
Unibet CEO Henrik Tjärnström says the venture has good prospects, claiming that independent analysts have estimated the size of the market at around Euro 140 million in 2013, and that a wide range of gaming is permitted, with taxes more reasonable than those pertaining elsewhere in Europe.
 
Belgium has imposed a tax on GGR of 11 percent.
 
Taxation will certainly be a management concern at Unibet, which reported that its activities in several European regulated countries had meant tax payments have soared from Euro 600,000 to almost Euro 6 million in the first half of 2012.
 
Unibet reported H1-2012 highlights as:
 
* Revenues up 34 percent year-on-year to GBP 96.5 million, comprising GBP43.7 million on betting (up 58 percent); online casino revenue up 27 percent to GBP 37.7 million and online poker at GBP 7.7 million (up 11.5 percent)
 
* Pre-tax profit of GBP 18.1 million, a GBP 100,000 increase on the H1-2011 result.
 
* Three corporate acquisitions in Bet24 (Denmark), Betchoice (Australia) and Solfive (France)
 
* Outstanding performance on sportsbetting, with GBP 32.6 million in turnover on Euro2012 football, with a margin of 11.1 percent.



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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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

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