..

Unibet Reports Strong Growth in Live Betting

Written by:
Guest
Published on:
Aug/10/2009

Unibet, the Swedish online gambling firm, has reported its earnings for the second quarter of 2009.

Gross Winnings Revenue amounted to GBP 30.0 (27.9) million for the second quarter of 2009 and GBP 66.2 (59.2) million for the first half year 2009.

Profit from operations for the second quarter of 2009 amounted to GBP 1.9 (6.1) million. Profit from operations for the first half year 2009 amounted to GBP 12.8 (16.4) million.

Profit before tax for the second quarter of 2009 amounted to GBP 5.9 (4.0) million. Profit before tax for the first half year 2009 amounted to GBP 16.6 (6.9) million.

Profit after tax for the second quarter of 2009 amounted to GBP 5.4 (3.5) million. Profit after tax for the first half year 2009 amounted to GBP 15.3 (5.7) million.

Earnings per share for the second quarter of 2009 were GBP 0.192 (0.127) and GBP 0.548 (0.205) for the first half year 2009.

Operating cash flow before movements in working capital amounted to GBP 4.6 (8.4) million for the second quarter 2009 and GBP 18.1 (21.6) for the first half year 2009.

Number of active customers at the end of the quarter was 309,099 (316,780).

"Strong growth in live betting"

"The EBITDA for the second quarter includes a foreign exchange loss of GBP 3.0 million mainly on cash balances retranslated into GBP and the finance net includes a retranslation gain on the Bond of GBP 5.3 million. The following table gives an explanation of the impact on Profit from operations of the GBP 3.0 million retranslation loss:

"Continued strong development for live betting combined with a weak quarterly margin on traditional Sportsbetting made live betting account for 37.3 per cent (23.2 per cent) of gross winnings from sports betting."

"We have been very active with marketing and thereby investing for the future in establishing Unibet in our emerging markets with attractive terms given the current economic climate".

"Unibet continues to be on the forefront driving the convergence between on line gambling and broadcasting with more than 1,800 streamed sports events during the second quarter and the Launch of Live Dealer Casino for our customers," says Petter Nylander CEO Unibet.

 

Gambling News

US Casinos Match Best Quarter Ever; Post-COVID Hopes Rise

America’s commercial casinos matched their best quarter ever in the first three months of this year, as customers continued returning amid the COVID-19 pandemic and internet and sports betting money helped boost revenue numbers.

Medina Spirit was Simply Treated for Dermatitis (Nothing to See Here)

Medina Spirit was Simply Treated for Dermatitis (Nothing to See Here)

Responding to the positive test results for a performance enhancement drug found in Kentucky Derby winner Medina Spirit after the big race, his trainer claimed it was due to an anti-fungal medication called Otomax to treat dermatitis.

Preakness Stakes Odds 2021 After The Post Position Draw

Preakness Stakes Odds 2021 After The Post Position Draw

We’re not sure how the horse racing gods came to this conclusion, but, wrong or right, we are very pleased to see Medina Spirit cleared to run in the 146th Preakness Stakes! 

More Tim Tebow Prop Bets

More Tim Tebow Prop Bets

Now that Tim Tebow is about to sign with the Jacksonville Jaguars, BetOnline has come up with some great new prop bets.

Stratosphere Casino Goes to 100 Percent Capacity

Stratosphere Casino Goes to 100 Percent Capacity

The Las Vegas casino long known as the Stratosphere announced Monday it has lifted most coronavirus pandemic restrictions and moved to 100% capacity on its casino floor after meeting Nevada Gaming Control Board requirements.

Syndicate