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Unibet Q2 and H1 2016 figures
ANOTHER STRONG PERFORMANCE FROM UNIBET
Record quarterly result in latest trade update.
The Swedish online gambling group Unibet reported another strong set of Q2 and H1 2016 figures in a trading update Wednesday, highlighting:
* Q2-2016 group revenues of GBP 126 million (Q2 2015: GBP 80 million) and H1-2016 revenues of GBP 249 million (H1 2015: GBP 156 million);
* H1-2016 EBITDA of GBP 50.5 million (H1-2015 GBP 39 million) for H1 2016 and first half group profit of GBP 38 million (H1 2015: GBP 26.5 million);
* Good year-on-year growth across all metrics and brands, and an additional 1.1 million active punters signed up thropugh the groups Unibet, iGame and Stan James online brands following extended marketing over the Euro 2016 football championship period;
* The expanded marketing cut profits in the second quarter by GBP 13 million, but the influx of new clients holds the promise of future rewards;
Chief executive Henrik Tjärnström reported:
“The [second] quarter was characterised by the Euro 2016 which provided a new all-time high in customer activity and continued strong growth. Margins in the tournament were significantly higher in July than in June.
“As in previous tournament years, we invested heavily in marketing both for new customer acquisition and reactivation of existing customers. While this has a short term effect in reducing profits, we are confident that this as proven previously will drive sustained growth in gross winnings revenue and profits. For the quarter, marketing was 30 percent of gross winnings revenue, but for the full year we still expect it to average a few percentage points below 30 percent.
“In the period from 1 to 24 July 2016, average daily gross winnings revenue in GBP has more than doubled compared to the same period in 2015. Adjusting for the unusually high margin on the final stages of the Euros, the impact of exchange rate changes and acquisitions, the organic constant currency growth is close to 50 percent."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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