MALTA – Online gaming company Unibet Group Plc. recently reported that its second quarter earnings doubled as a result of the Euro 2008 last June.
Spurred by football betting, net income for the Europe-facing sportsbook company rose to US$6.8 million as compared to US$3.07 million over the same period last year.
The month-long Euro 2008 event was the main driver for growth as live betting set sales records.
“With the European championship as a highlight, we reached a new record in active customers,” said Uniber CEO Petter Nylander. He added that the company is on course to meet financial forecasts for 2010.
The Euro bookmaker recorded 316,780 active customers at the end of the quarter which represent a 9.9% increase from the preceeding three months. Mobile-phone betting was also introduced during the quarter alongside Superscore for wagering on pools of football and ice-hockey matches.
The company also announced that last April 25, it had agreed to buy online sports media company Guildhall Media Invest Ltd. for US$223,192.53 in cash and assumed US$6.25 million in its debts.
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