UNIBET FEELS THE PAIN
6 November 2009
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.
Online Casino News Courtesy of
Infopowa
More news here.
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