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Strong growth for Unibet

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The Scandinavian bookmaker announced the first quarterly results since it acquired MrBookmaker in August.

Total turnover amounted to £62.6m for the third quarter, with a 20 per cent increase compared to the same period last year, and to £187.4m for the period January to September.

Turnover from sports betting business amounted respectively to £55.8m in the third quarter and to £171.5m for the period January to September.

Gross winnings amounted to £11.2m for the third quarter, almost doubled on the same period last year, but increasingly depending from non-sports betting products, and to £27.4m for the period January to September.

The gross winnings margin for sports betting for the third quarter was stable at 8.0 per cent.

The profit after tax increased almost 50% to £3.4m (£8.4m from the beginning of the year).

The number of active customers increased 53 per cent to 139,000, in large part (39,000) due to the acquisition of MrBookmaker.

The integration of Unibet and MrBookmaker, which has a strong focus on France and Belgium, is proceeding according to plan and has successfully delivered improved opportunities for system betting for sports betting customers, launch of soft games, new payment solutions, betting on French horse racing and improved casino lobby.

“The most important event during the quarter was of course the acquisition of MrBookmaker, which gave us immediate access to the important markets of France and Benelux. We are now a leading “moneytainment” company with a leading position in several important European markets,” said Petter Nylander, CEO of Unibet.

“I am also proud to note that we once again achieved a record result in September for active customers and new customer registrations as well as highest quarter EBIT on record, despite at the same time entering into new markets and supporting the continuous poker growth.”