Unibet Revenues Soar 13.5% to £354M in 2015

Unibet’s latest annual financial results makes impressive reading, with the online gambling operator’s gross revenues soaring by 13.49% to £354.1 million in 2015, from the £312 million that it collected in the previous year. The company’s profit were also higher by 8.06% to £69.7 million for the whole of 2015.
While Unibet had a solid year, it was the company’s Q4 that helped to significantly boost its overall performance, with revenues increasing by 57% to £111 million, and profits improving to £19.4 million for the last three months of the year. Commenting on the impressive results, Unibet CEO Henrik Tjärnström said:
“The focus on scalability across the Group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 per cent in GBP. Mobile was 56 per cent of gross winnings revenue compared with 51 percent in the third quarter.”
Leading Unibet’s offering in terms of revenues was its casino games, which generated £171.6m in revenues in 2015, followed by sports betting (£161.2m). While both these verticals reported an increase in business, poker, on the other hand, saw its revenues decline 9.52% to £7.6m, versus £8.4m for 2014. Nevertheless, this was still an improvement on the 38% decline noted in 2014.
Despite its waning poker fortunes, Unibet Poker still continues to be the 14th highest ranked poker site in the world with an average of 650 cash players over a 7-day period, according to tracking site PokerScout.
Unibet offers its online products to more than 13.5 million customers spread out across 100 countries. With the rise of online gambling, Unibet stands as a model of expansion and scalability in the growing iGaming market. Shares in Unibet Group plc have flucuated from 88.40 to 868.00 over the past 52 weeks, and as of today are trading at 89.05. This gives the company a market capitalization of 20.45 billion SEK.

Poker News
west virginia online poker
14 Mar 2019
Online gambling could soon be legal in West Virginia as long as the state’s Governor doesn’t decide to throw a last-minute wrench into the process. House Bill 2934, which would legalize all forms on online gambling in the state, including online poker and casino gaming, passed a vote in the Senate earlier this week. The
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Aussie State of Victoria to Charge 8% Online Betting Tax
27 May 2018
The Government of Victoria in Australia has announced that it intends to place an 8% tax rate on online betting companies offering their products within the south-eastern state’s borders. Currently, Victoria’s online racing and sports industry is worth around AU$1.2 billion, but domestic operators are at a disadvantage compared to foreign operators who have thus