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Unibet Releases Latest financials

Internet betting group Unibet has released its latest financial results, noting a 38% Jump in earnings for the second quarter.

Key financial indicators for the quarter ending June 30th, 2014 were:

  • 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.

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