Downward trend for Unibet


Q3 pre-tax profits fall 22 percent

The European-facing Internet gambling group Unibet.com is the latest gambling company to feel the chill of big player wins on football results, announcing this week that its third quarter pre-tax profits sank 22 percent to GBP3.5 million (Q3 2008: GBP 4.5 million).

The downward trend is especially disappointing coming on the heels of half year 2009 numbers that showed pre-tax profit well up at GBP
16.6 million (Half Year 2008: GBP 6.9 million).

In-play betting proved to be a major contributor for the group, CEO Petter Nylander revealed, describing in-play betting as the driving force behind Unibet's record sportsbook turnover and 3 percent year-on-year rise in third quarterly gross winnings revenue to GBP 30.1 million (Q3 2008: GBP 29.3 million).

Active customer numbers grew 25 percent over Q3 to 330 000 as the group's marketing initiatives bore fruit.

“During October, the gross winnings margin has been higher than the long-term average, highlighting the short-term volatility of sports betting margins and that it is important to look at margins over at least one-year periods,” said Nylander.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from United States read article EnergyCasino Partners with NetEnt and Microgaming

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    21
  • Members Online
    305
  • Guests
    2,043
Highest Community Rated Online Casinos
NextCasino
  (100 Ratings)
Bet365 Games
  (116 Ratings)
CasinoLuck
  (162 Ratings)
Betsson Casino
  (149 Ratings)
BitCasino.io
  (101 Ratings)
BetsKING
  (8 Ratings)
Guts Casino
  (117 Ratings)
Redbet Casino
  (94 Ratings)
Intertops Casino Classic
  (71 Ratings)
Unibet Casino
  (92 Ratings)
Slotty Vegas
  (57 Ratings)
Betsafe Casino
  (125 Ratings)
3Dice Casino
  (165 Ratings)
Spin Palace Casino
  (87 Ratings)
Thrills Casino
  (88 Ratings)
Uptown Aces
  (73 Ratings)
Liberty Slots Casino
  (115 Ratings)
32 Red Casino
  (197 Ratings)
Mr Green Casino
  (227 Ratings)
ComeOn Casino
  (176 Ratings)
Winner Casino
  (289 Ratings)
Casino Saga
  (69 Ratings)
Vera John Casino
  (134 Ratings)
Casumo
  (83 Ratings)
Jetbull Casino
  (66 Ratings)
BETAT Casino
  (134 Ratings)
Sin City Casino
  (66 Ratings)
River Nile Casino
  (75 Ratings)
Whitebet Casino
  (61 Ratings)
Crazy Vegas
  (122 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus