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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."
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
Huge Win at Bitstarz Casino -
There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.
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