Unibet Q4 2009 report returns to profit

Game Company Unibet reported a profit of 8.7 million pounds for the fourth quarter of 2009 (-0.3) in their Q4  report. The expected result was 9.9 million pounds, according to SIX Estimates poll with nine analysts. The range of expectations were between 6.6 to 12 million pounds. Unibet presents a game surplus of 42.1 million pounds in the fourth quarter (34.9). That compares with analysts’ average forecast of 39.8 million pounds. Unibet is proposing an increased dividend of 0.71 pounds per share this spring (0.23), compared with the expected 0:67 pounds according to SME.

Unibet sees continued growth

During the first six weeks of 2010 Unibet saw continued growth in operations, where live betting has been a key driver, company CEO Petter Nylander writes in the report. Unibet’s gross margin for the sports book excluding live betting and free bets for the fourth quarter of 2009 amounted to 11.9 percent (10.6).

Unibet in exclusive agreement with Paf

Unibet has also signed a three year exclusive agreement with Åland Licensed gaming company, Paf, including a full sports betting solution. The product includes odds compiling and risk management for both traditional sports betting and live betting. The system that the procudt is based on is an in-house developement by Unibet. Paf will also be able to provide their customers with Unibet’s fast-growing pool betting SuperToto and SuperScore. Winnings for the global sports market are estimated by independent analysts to amount to 40.9 billion dollars for 2009 and estimated 2012 growth to 43.4 billion dollars.

Source di.se

About Unibet

Unibet was founded in 1997 and is an online gambling company listed on NASDAQ OMX Nordic Exchange in Stockholm. Unibet is one of the largest privately owned gambling operators in the European market and provides services in 20 languages.
Unibet has more than 3 million customers in more than 100 countries. They are a member of the RGA - Remote Gambling Association in the UK and EGBA - European Gaming and Betting Association and also certified by G4, Global Gaming Guidance Group.
In December 2007, Unibet acquired Maria Holdings, on of the largest online bingo operator, and in April 2008 Travnet, Scandinavia's largest horse racing community.