× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 27 April 2016

Unibet breaks revenue record again

By David Cook
Unibet has reported record first quarter gross winnings revenue of £122.4m, up 61% year-on-year.

The operator’s EBITDA went up 80% to £27.6m, while profit before tax saw an upturn of 99% to £22.5m and profit after tax doubled exactly to £20m.

Bank debt of £26.3m was reported.

It is the second consecutive quarter where record gross winnings revenue has been reported, though the overall 2015 figures were dented by a 40% decrease in profit after tax for 2015 to £55.7m.

Quarter-on-quarter, gross winnings revenue is up from £111.4m and profit after tax is up from £19.4m.

Unibet acquired operator iGame Group for €59m in September and completed the deal to purchase the online gambling arm of bookmaker Stan James for £19m in September.

Henrik Tjarnstrӧm, Unibet CEO, said: “The acquisitions have accelerated the transformation of our business and locally-regulated revenues are now 34.3% of gross winnings revenue compared with 28.4% in the third quarter of 2015. The UK, the world’s largest locally-regulated gambling market, is now our largest locally-regulated market.

“In the period up to 7 February 2016, average daily gross winnings revenue has increased by approximately 45% in GBP and approximately 47% in local currencies over the same period in 2015. Excluding iGame Group and Stan James Online the organic increase is more than 30% in constant currency.”
RELATED TAGS: Online | Financial
IN-DEPTH 11 April 2019
Tough times for UK casinos
Paul Sculpher, Managing Director of Strategy, Victoria Gate Casino, Leeds, ponders how the land-based UK casino market can deal with a range of problems, including legislation, money laundering and problem gambling