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Bet On Sports
February 2nd General news ... Bet On Sports at beton-sports.com
AAMS AND ARJEL IN COLLABORATION
2011-05-18
Italian and French regulatory bodies in co-operation agreement
The Italian regulator AAMS is due to sign a memorandum of understanding with French regulatory body ARJEL in the near future, tmnews.it reported this week.
The memorandum seemingly covers various issues including the exchange of information on licenced operators, player protection, defending the integrity of sport and the fight against unlicenced operators.
AAMS and ARJEL have refuted media speculation that the agreement may lead to a shared liquidity over the two jurisdictions.
UNIBET POSTS STRONG Q1/2011 RESULTS
2011-05-11
Company performs well across all NFL Lines its major markets
Malta-based online gambling and betting company, Unibet Group plc delivered another strong quarter in its interim report for the period January to March 2011.
The company's withdrawal from France represented 23 percent of gross winnings revenue in 2010, yet the company still posted a growth of 16 percent in gross winnings revenue during its first quarter 2011 and has shown a gain in market share in the Nordic region.
Key performance indicators for first quarter 2011 include:
- Gross winnings revenue amounted to GBP 37.5 million (Q1/2010: 41.8 million)
- Profit from operations amounted to GBP 11.2 million (Q1/2010: 10.6 million)
- Profit after tax amounted to GBP 10.0 million (Q1/2010: 9.5 million)
- Number of active customers at the end of the quarter was 328,054 (Q1/2010: 379,473)
- Gross winnings revenue for sports betting amounted to GBP 15.4 million (Q1/2010 17.6 million)
- Gross winnings for other products amounted to GBP 22.1 million (Q1/2010: 24.1 million)
- Live betting accounted for 57 percent (Q1/2010: 52 percent) of turnover on sports betting, excluding Free Bets
Henrik Tjärnström, CEO of Unibet said: "I am pleased to announce that the first quarter of 2011 was another strong quarter for Unibet were we have continued to perform well across all our major markets fully in line with our strategy.
“In the Nordics the growth year on year was 24 per cent which shows that we are gaining strong market share. The rest of the business has also grown well especially considering that France represented 23 per cent of the gross winnings revenue last year. "
The company's strategy for the next three years will see it re-focusing on core markets such as the Nordics and delivering a profitable growth even as Europe's markets develop and re-regulate.
“I expect consolidation within our industry to develop further, and we continue to evaluate opportunities that enhance shareholder value. Options for controlled growth in new regions are also constantly under review, with Unibet focusing on regions with high potential for long-term profitability,” Tjärnström added.
PLAYTECH HONOURED IN EGR AWARDS
2011-05-06
Recognition for quality RNG and Bingo
Online gambling software developer Playtech plc took home two awards from the recent EGR Awards function in London.
The company was honoured with RNG Suppolier of the Year and Bingo Network of the Year, the latter through its subsidiary Virtue Fusion.
Playtech CEO Mor Weizer said: “Winning EGR b2b Awards for two major product categories sends a significant message about the strength and capability of Playtech’s products across the group. As a leading name in the industry, we were delighted to be recognised at this prestigious event and look forward to building on our success in the coming year.”
Other winners included:
Microgaming - Innovation in Slots and best online poker network
Dragonfish - Best Bingo Supplier and poker software
Net Refer - Best affiliate software
Cozy Games - Innovation in Bingo software
Net Entertainment - Innovation in RNG casino software
IGT - Best slots provider
Evolution - Top live dealer provider
Mfuse - Best mobile technology provider
GameAccount - Tops in skill games
Openbet - Best sports betting provider
Neogames - Best white label supplier.
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