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Unibet Reports First Half 2012 Financials

Publicly traded internet betting group Unibet has released its financial report for the first half of 2012 while also announcing that the firm has teamed up with fellow betting group Rank to offer gambling services in Belgium.

Operational highlights for the first half ending June 30th, 2012 were:

  • Revenues up 34% year-on-year to £96.5 million, comprising £43.7 million on betting (up 58%); online casino revenue up 27% to £37.7 million and online poker at £7.7 million (up 11.5%)

  • Pre-tax profit of £18.1 million, a £100,000 increase on the H1-2011 result.

  • Three corporate acquisitions in Bet24 (Denmark), Betchoice (Australia) and Solfive (France)

  • Outstanding performance on sportsbetting, with £32.6 million in turnover on €2012 football, with a margin of 11.1%.

However, the biggest news in this trading update may have been that Unibet and Rank are teaming up to offering betting action in Belgium. The partnership is scheduled to begin in the third quarter and will commence once Belgian licensing is completed. Currently Unibet holds an online betting license.

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