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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."




TEXAS CONGRESSMAN SPEAKS ON A FEDERAL ONLINE POKER SOLUTION (Update)
2013-06-26

Despite the prior introduction of a more comprehensive online gambling legalisation bill in Congress by Rep. Peter King this year Apuestas Breeders Cup (see previous InfoPowa report), a new initiative is about to be launched by Texas Republican Congressman Joe Barton.
The name will be familiar - Barton has already tried - and failed - to get an online poker only legalisation bill through Congress, and he is back for a second attempt.
Barton talks about his new bill and the need for federal legalisation of online poker here this week:
https://www.youtube.com/watch?v=BcAKCOdrCUg&feature=player_embedded
A confident Congressman predicts that federal legalisation - at least for online poker - is a "when" and not an "if" proposition, and urges poker fans to be patient whilst the Congressional initiative progresses.
With the King bill offering a wider perspective and choice, and several states doing their own thing anyway, it remains to be seen whether Barton's confidence has again been misplaced.
So far there is little evidence that the much-publicised new federal bill that Sen. Harry Reid is reportedly again working on is about to make an entrance.


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