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BIG ONLINE GAMBLING DEAL FOR NET ENTERTAINMENT
2014-08-25

Swedish online gambling software provider Net Entertainment NE AB has inked a content agreement with UK focused Betfair, one of the worlds largest international online sports betting operators.
Founded in 1999, Betfair is a pioneer in online gaming holding gambling licenses in Gibraltar, Malta, Spain, Italy, the United States and Australia. Betfairs revenues amounted to GBP 387 million in 2013 and the company has more than 950,000 active customers.
This agreement will further strengthen NetEnts exposure on the UK market but also in other parts of Europe. said NetEnt's Malta md Bjrn Krantz Monday.




WILL TIGHTENING UP REGULATIONS PERSUADE CREDIT CARD COMPANIES TO COOPERATE?
2014-05-22

One of the main reasons for the slow growth of legalised online gambling in New Jersey - the refusal of some credit card companies Apuestas Deportivas Apuestas NFL Futbol Americano Online Bingo Rooms Play Bingo online SITRAK C7H Costa Rica 1989 Suzuki GS500E Modificada to cooperate on deposits - is to be addressed with a new bill, says New Jersey Senator Jim Whelan.

Speaking at the East Coast Gaming Congress in Atlantic City Tuesday, Sen. Whelan said that New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.

Whelan, a former Atlantic City mayor, said the bill will require payment processors to obtain a casino industry service license in place of the present requirement for an ancillary licence, which is easier to acquire.



UNIBET FLYING HIGH
2013-11-05

Swedish gambling firm Unibet Group plc presented impressive results in its interim report for the nine-month period January 1 to September 30, 2013.
The company reported mobile revenues representing 23 percent of gross winnings revenue for the third quarter compared to just 8 percent for the same period last year.
Key performance indicators for the third quarter ending September 30, 2013 include:
-Gross winnings revenue of GBP 56.1 million (Q3/2012: GBP 43.8 million)
-Profit from operations of GBP 9.2 million (Q3/2012: GBP 4.5 million)
-Profit before tax of GBP 9.2 million (Q3/2012: GBP 4.0 million)
-Profit after tax of GBP 8.2 million (Q3/2012: GBP 3.4 million)
-Earnings per share of GBP 0.292 million (Q3/2012: GBP 0.120 million)
-Operating cash flow before movements in working capital amounted to GBP 14.2 million (Q3/2012: GBP 8.7 million)
-Number of active customers was 453,753 million (Q3/2012: GBP 382,378 million).
Key performance indicators for the nine-month period of January 1 to September 30, 2013 include:
-Gross winnings revenue of GBP 169.5 million (9M/2012: GBP 140.3 million)
-Profit from operations of GBP 29.0 million (9M/2012: GBP 22.6 million)
-Profit before tax of GBP 27.9 million (9M/2012: GBP 22.1 million)
-Profit after tax of GBP 25.4 million (9M/2012: GBP 19.8 million)
-Earnings per share of GBP 0.908 million (9M/2012: GBP 0.710 million)
-Operating cash flow before movements in working capital of GBP 43.4 million (9M/2012: GBP 34.2 million)
Henrik Tjrnstrm, chief executive officer of Unibet said: "Unibet delivered 28 percent year on year growth in gross winnings revenue in the third quarter (22 percent excluding the impact of exchange rate changes million).
This was achieved despite the excellent summer weather in many of our key markets and high numbers of favourites winning. The growth was wholly organic and demonstrates continued increases in market share.
"It is also satisfying to report that underlying EBITDA for the third quarter increased in line with the growth in revenues, demonstrating improved scalability despite the significant investments Unibet has made in information mining, local regulation and in Kambi."


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2015-02-15

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