by Ryan D. Jaeger
Unibet, the industry leading sportsbetting group, released its January
to September interim report this week, to show interesting results pertaining to
the company's operations this year.
According to the Chief Executive Officer of the NASDAQ Nordic Exchange listed
group, Petter Nylander, Unibet saw an "all time high on turnover" in its
sportsbook brands, boosted by its Live Betting offering.
"However, as football results were unfavorable for sports betting operators
with leading clubs winning consistently and with only a few draws in the Premier
League during August and September, the gross winnings margin for the quarter
was below the long term average," said Nylander.
All in all, Unibet reported gross winnings revenue of £30.1 million for
the third quarter of 2009.
The total gross winnings revenue for January through to September amounted to
£96.3 million.
Profit after tax for the third quarter of this year was £3.0 million,
while the full term profit post tax was £20 million.
"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 is important to look at margins over at least one year periods," said
Nylander. "Also our marketing initiatives have paid off with an all time high in
number of active customers for the quarter."
Unibet reported 329,721 active customers at the end of the third quarter.
