Downward trend for Unibet

Q3 pre-tax profits fall 22 percent

The European-facing Internet gambling group 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.

lcb activities in the last 24 hours

  • 38
    new members
  • 627
    members online
  • 18008
    guests online
  • 140
    new posts
  • 3776
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

  • Anchi
    hunterpromotion wrote: code BDAYFREEBIE $15 No Deposit Bonus Amount: $15 Bonus Code: BDAYFREEBIE Valid from Thursday, October 27, 2016 00:00 AM until Monday, October 31, 2016 11:59 PM EDT. Redeem:1x WR:...
    Slotland No Deposit
  • Luis
    When witches go riding on big old brooms, you know something is brewing in their pots of gloom! The wind's howl erupts a scary fear, as the full moon whispers Halloween, Halloween is almost here! Lots of people will...
    LCB Spooktacular Halloweenie 2016
  • Anchi
    Welcome Andreas 

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results