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Unibet Releases Results and Teams Up with Rank

The internet gambling firm Unibet has just announced its financial figures for the first six months of the year. As well as this, the company has also given out details of a new link up with Rank, which will allow them both to offer betting services to punters based in Belgium.

As regards the financial stuff, the main points for the first half of 2012 were a big increase in revenue, a modest increase on the pre tax profit and three global acquisitions.

The revenue showed a 34% increase on 2011’s figures, with a total of £96.5 million. This includes an impressive increase of 27% on their internet casino revenue, which is up to £37.7 million. Meanwhile, their online poker operations brought in £7.7 million, which is an increase of 11.5%

A Profit and 3 Acquisitions

The pre tax profit element showed a rise of £100,000, to £18.1 million. The period covered in the report also included the acquisitions of Solfive in France, Betchoice in Australia and Bet24 in Denmark.

The sportsbetting part of their operations also provided a bright spot, with a £32.6 million turnover on sports giving them a healthy margin of 11.1% on this popular area of their activities.

Apart from this, the latest news is that Unibet and Rank and going to join forces to try and crack the Belgian online betting market. It is expected that the tie-in will kick off in the third quarter of 2012, once the matter of sorting out a Belgian gambling licence is all done and dusted.

Categorised Under: Online Casino News
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