Unibet delivers another strong performance

The Unibet online gambling group has delivered another sterling set of results for Q2-2014, reporting:

* Earnings up 38 percent to GBP 16.7 million

* Revenue up 24 percent to GBP 77.1 million.

* Active customers up more than 33 percent quarter-on-quarter at 610,000.

* World Cup football betting made up GBP 16 million of the company’s GBP 31.9 million Q2 overall sports betting revenues.

* Mobile wagering contributed 47 percent of overall sportsbook revenue, and live betting delivered 64.6 percent of turnover.

* Continued success in Western Europe, which provided GBP 16.2 million, or over half sports betting revenues – almost doubling in terms of y-o-y growth.

* Nordic activity rising – up 22 percent to GBP 12.2 million.

* On the negative side, Central, Eastern and Southern European markets declined 21 percent to just GBP 2.6 million.

* Gaming business (including online casino and poker) increased by 15 percent to GBP 45.2 million, but the poker element lagged, declining 45 percent y-o-y to GBP 1.7 million, a situation the company hopes to reverse with a new standalone poker offering designed strongly for the recreational player.

Current trading reported by the company shows an increase in revenue of 7 percent over the second quarter average despite a massive Mega Fortune win of Euro 5.8 million on early in July (see previous reports).

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