Casinomeister News Casinomeister News

UNIBET QUARTERLY PROFIT UP

Online Casino News

11 May 2007

Weaker performance of poker operation due to Swedish government monopoly entering online poker sector last year

CEO Petter Nylander at Unibet plc had generally good news for investors in his release of first quarter results, showing pre-tax profit for the period from January to March rising to GBP8.8 million, up from GBP8 million in the same period last year.

Profit after tax was GBP8.3 million (2006 - GBP5.6 million) whilst gross winnings rose to GBP22.3 million (GBP17 million in 2006).

Nylander said that the number of Unibet's active customers had risen to 239 929 from 190 610, but that the entry of the Swedish government monopoly Svenske Spel into the online poker sector in 2006 had diluted business and resulted in a weaker performance from Unibet's poker arm. Fortunately, this had been offset by Unibet strong growth elsewhere in the business.

Continued good cashflow from operations in the first quarter of 2007 of 7.8 million was recorded from the group's 1.7 million players in 100 countries and 20 languages.

Online Casino News courtesy of InfoPowa

More news here.

Follow Casinomeister on Twitter!
Rogue Announcement

Libertyslots - Not Recommended

They have a secret gaming license...
Read about it here.
Rogue section here...
Casinomeister Special Report
The Meister's GiGSE San Francisco Report

If reading about crackheads and the i-Gaming industry floats your boat, check this out here!

The Full Report
Casinomeister's Webcast!

Casinomeister's Webcast
- Bad manners, Purple Lounge Faceplant, Vortran's casino warning...
LAND CASINO LAUNCHES ONLINE OPERATION

Aristocrat has provided internet action for Maryland Live!

More info here
More news here...
Click here!