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!

1mins ago someone from United States read article French government still to decide on online gambling tax rates

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
    35
  • Members Online
    526
  • Guests
    2,048
Highest Community Rated Online Casinos
SlotsMillion
  (121 Ratings)
32 Red Casino
  (394 Ratings)
Guts Casino
  (217 Ratings)
Club USA Casino
  (315 Ratings)
Mr Green Casino
  (331 Ratings)
Buzzluck Casino
  (192 Ratings)
Lucky Red Casino
  (252 Ratings)
Videoslots.com
  (185 Ratings)
Nexxedge
  (69 Ratings)
Bet365 Games
  (201 Ratings)
NextCasino
  (196 Ratings)
Unibet Casino
  (174 Ratings)
CasinoLuck
  (262 Ratings)
Betsson Casino
  (254 Ratings)
Betsafe Casino
  (230 Ratings)
Redbet Casino
  (185 Ratings)
ComeOn Casino
  (297 Ratings)
Spin Palace Casino
  (137 Ratings)
Casino Extreme
  (200 Ratings)
Raging Bull
  (108 Ratings)
Vera John Casino
  (206 Ratings)
Thrills Casino
  (172 Ratings)
Intertops Red Casino
  (146 Ratings)
BETAT Casino
  (232 Ratings)
Ladbrokes Casino
  (170 Ratings)
Slotland
  (370 Ratings)
Casino Saga
  (120 Ratings)
Slotty Vegas
  (137 Ratings)
Sin City Casino
  (126 Ratings)
Winner Casino
  (372 Ratings)


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