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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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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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3 New Betsoft Slots -
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2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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