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!

2mins ago someone from United Kingdom played 10x Play

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
    22
  • Members Online
    469
  • Guests
    1,839
Highest Community Rated Online Casinos
SlotsMillion
  (123 Ratings)
32 Red Casino
  (399 Ratings)
Guts Casino
  (219 Ratings)
Club USA Casino
  (322 Ratings)
Mr Green Casino
  (339 Ratings)
Buzzluck Casino
  (196 Ratings)
Lucky Red Casino
  (253 Ratings)
Videoslots.com
  (191 Ratings)
Nexxedge
  (73 Ratings)
Bet365 Games
  (203 Ratings)
NextCasino
  (199 Ratings)
Unibet Casino
  (179 Ratings)
CasinoLuck
  (267 Ratings)
Betsson Casino
  (260 Ratings)
Redbet Casino
  (193 Ratings)
Betsafe Casino
  (235 Ratings)
ComeOn Casino
  (298 Ratings)
Spin Palace Casino
  (139 Ratings)
Casino Extreme
  (204 Ratings)
Raging Bull
  (111 Ratings)
Vera John Casino
  (211 Ratings)
Intertops Red Casino
  (146 Ratings)
Thrills Casino
  (178 Ratings)
Slotty Vegas
  (142 Ratings)
Slotland
  (371 Ratings)
BETAT Casino
  (236 Ratings)
Royal Panda
  (148 Ratings)
Ladbrokes Casino
  (171 Ratings)
Casino Saga
  (125 Ratings)
Winner Casino
  (373 Ratings)


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