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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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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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