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Inibet’s Profits Double in Second Quarter

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    fintan
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    August 12, 2008 (InfoPowa News) — Online sportsbetting company Unibet Group plc has enjoyed a bumper second quarter thanks to in-game betting and the Euro 2008 football action, the management disclosed this week, highlighting doubled profits. In-game (live) betting accounted for 23 percent of the second quarter gross win revenue for the firm’s sportsbook.

    Net income rose to GBP 3.55 million, up from GBP 1.61 million in the same period last year, as winnings from sports bets jumped by almost nine-tenths and sales set new records during the month-long soccer championship, whilst additional revenues flowed from the Maria Bingo website, purchased last December.

    “With the European championship as a highlight, we reached a new record in active customers,” CEO Petter Nylander noted.

    Check out the full story on today’s CAP News page.

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