Unibet 2011 First Half Numbers Falls 11 Percent

Written by:
Aaron Goldstein
Published on:

“Strong underlying results”:  That’s how Unibet CEO Henrik Tjärnström described his company’s less-than-stellar 2011 first half results.  Gross winnings revenue was off 11 percent compared to last year. 

120x60 £

A primary reason cited for the dropoff is Unibet’s departure from France, which accounted for 22 percent of the firm’s overall revenue last year. 

“I am pleased to report another quarter of strong underlying results. Excluding the additional effect of the World Cup in 2010 and adjusting both for France and for the positive currency benefits in 2011, Unibet’s underlying growth in gross winnings revenue was 16% year-on-year. This was achieved despite sportsbook margins that were lower than the long-term average,” Tjärnström said this morning.

Unibet witnessed 25 percent of its share price being wiped off in May following the news that it would enter the new French licensing process.  Investors feared the high tax rates would contribute to a marginal return.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Rest in Peace Bitcoin?  Not Quite

Rest in Peace Bitcoin? Not Quite

Bitcoin ain't dead yet, nowhere near. Bitcoin is currently sitting at a $115 Billion market cap with each Bitcoin currently being worth $6,728.33.  The last time we saw a price point similar to this level was in early February, just 4 months ago. During that same month Bitcoin bounced back to over $11,000.

Inside the Cryptocurrency Revolution

Inside the Cryptocurrency Revolution

Vice News on HBO is set to premier a segment on the "Cryptocurrency Revolution", more specifically detailing Genesis Mining. 

Bitcoin Blockchain Acceptance Updates

Use of cryptocurrencies can be done anonymously.  Companies like JazzSports are leading the way by promoting anonymous accounts that only require a valid email account.  Payments are through a virtual wallet using the blockchain.  This means it no longer matters where the actual customer physically resides.

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

The man who claims to have invented Bitcoin and was ordered by a judge to surrender approximately $3 billion of his Bitcoin holdings says he can't, at least not any time soon.

Make Money as a Bookie

If you are looking to make money as a bookie then you will need two things, players that want to bet with you and a website where your players can make wagers on.