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Unibet Reports Revenue Growth in 2011


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Leading online gambling operator Unibet Group has posted its unaudited
financial results for 2011
, which showed that the Malta-based firm generated
profits of £38.8 million for the year, an increase of 13 percent compared to the
previous year.

According to its 2011 financial results, Unibet’s pre-tax profits totalled £38.1
million, a 12 percent increase year-on-year, while its operating cash flow for
the year totalled £48.5 million, marking a £4 million increase compared with
2010.

Unibet’s Active Customers Rose from 91,000 to 400,697

Most notably, Unibet’s 2011 financials revealed that its number of active
customers climbed from 91,000 to 400,697 at the end of the quarter, proving that
it is fast becoming a major player in the highly lucrative global online
gambling market.

Unibet also revealed close to a five percent rise in gross winnings revenues to
£154.4 million.

Like most large online gaming groups these days, Unibet has been on an
acquisition trail, after it successfully acquired French gaming firm Solfive SAS
in December last year for £4.8 million, plus a net cash adjustment of £1.3
million, and a further £2 million to allow Solfive to pay off a fixed debt, for
a total cash consideration of £8.1 million.

Said Unibet CEO, Henrik Tjarnstrom, ‘We are very satisfied to announce another
quarter with strong organic growth. Gross winnings revenues and profits from
operations were up 26 percent quarter-on-quarter. Our focus on core markets
continues to deliver excellent results with all-time high revenues for the
Nordic region and this growth has been achieved across both the Unibet and Maria
brands.

‘The sustained positive development we have seen in the products offered under
the Maria brand continued strongly in this quarter so that Maria delivered an
all-time high for both the quarter and the full-year,’ he said.

Unibet Excited about Increase in Signups in Denmark

Tjarnstrom went on to say that in the first six week of this year Unibet has
continue to enjoy growth in new customer signups and thus revenues, and that he
is particularly excited about the increase in customer signups at Unibet in
Denmark.

‘We will continue to focus on our core markets to strengthen our
position in the changing European landscape. In line with our acquisition
strategy, we have also made two strategic investments to broaden the
geographical and product range, one in France and one in Australia,’ he said.

‘This combined with our developments towards local licences such as our new
Danish licence is rapidly transforming Unibet into a leading regulated market
player.’

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