Solid first quarter for Unibet plc


Revenues up 16 percent to GBP 14.8 million

Internet gambling operator Unibet plc has posted a positive set of results for the first quarter 2010, reporting that revenues reached GBP 41.8 million, a 16 percent rise on the same quarter in 2009.

Sports betting revenues were Unibet’s strong suit, rising 23 percent on Q1/2009 to GBP 17.6 million.

Chief executive Petter Nylander described the pre-eminence of sports betting as evidence of a resurrection of the sector as the key to player acquisition, cross marketing and loyalty. Mobile and live betting were particularly strong performers in the sports betting sector, with live betting accounting for 36.5 percent of sports bet revenues – up from 21.5 percent from Q1/2009. It also contributed 65 percent of the more than 350 000 bets placed through the company’s mobile channel in the first quarter.

Unibet’s core online casino product contributed 34 percent of the group’s total revenues during the quarter.

Despite the improved action, earnings before interest and taxes fell 3 percent to GBP 10.6 million (Q1/2009: GBP 10.9 million), due mainly to a 19 percent increase in marketing spend over the quarter to GBP 24.9 million, invested in preparing for football World Cup betting action starting in June.

Chief financial officer Henrik Tjarnstrom revealed that the group intends to pursue a French licence to take advantage of the newly liberalised market in that country this year.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States read article Betsoft Launches Safari Sam to Mobile Portfolio

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
    27
  • Members Online
    371
  • Guests
    1,712
Highest Community Rated Online Casinos
SlotsMillion
  (93 Ratings)
32 Red Casino
  (362 Ratings)
Guts Casino
  (204 Ratings)
Club USA Casino
  (289 Ratings)
Mr Green Casino
  (313 Ratings)
Buzzluck Casino
  (183 Ratings)
Lucky Red Casino
  (228 Ratings)
Videoslots.com
  (176 Ratings)
BETAT Casino
  (216 Ratings)
NextCasino
  (172 Ratings)
Bet365 Games
  (190 Ratings)
Unibet Casino
  (165 Ratings)
Betsson Casino
  (238 Ratings)
CasinoLuck
  (245 Ratings)
Betsafe Casino
  (212 Ratings)
Redbet Casino
  (174 Ratings)
ComeOn Casino
  (281 Ratings)
Spin Palace Casino
  (129 Ratings)
Casino Extreme
  (182 Ratings)
Slotty Vegas
  (127 Ratings)
Intertops Red Casino
  (139 Ratings)
Thrills Casino
  (159 Ratings)
Slotland
  (341 Ratings)
Vera John Casino
  (198 Ratings)
Sin City Casino
  (112 Ratings)
Sunnyplayer Casino
  (40 Ratings)
Huge Slots
  (36 Ratings)
Ladbrokes Casino
  (167 Ratings)
Winner Casino
  (364 Ratings)
Mummys Gold
  (141 Ratings)


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