Published on 29th April 2016 by Andrew Mills

Following many an acquisition in 2015, Unibet has announced record revenues in the first quarter of 2016, with gross winning revenues hitting £122.4 million, up a staggering 61% from the same period last year.£12.8 million of this revenue came from new acquisitions Stan James Online and IGame Group. Unibet’s former B2B sports betting arm Kambi Sports Solutions also has a phenomenal first quarter to the year.

Unibet

As well as gross winning revenues, Unibet also saw a sharp spike in earnings, which rose 80% to £27.6 million while profit after tax doubled up to £20 million.The number of active customers, with was 612,000 this time last year, has been heavily aided by acquisitions, and now stands at a little over a million customers.Henrik Tjärnstöm, CEO of Unibet said that without the new acquisitions taken into account, organic growth was 41% from last year, gross winning revenue in quarter two is, to date, up around 50% year on year, 20% if you take away acquisitions.With sports betting up 52%, casino up 76%, and even the poker vertical, which historically is not great, rising 45% to £3.2 million, it looks like the acquisitions made by Unibet have had the desired effect.

Kambi

Kambi Sports Solutions, which was spun-off into a standalone entity in 2014, reported a 33% rise in its first quarter revenues, which are up to €13.33 million.Kambi said its sports betting licensees enjoyed growth of 50% in terms of turnover. During the quarter, Kambi added two more licensees, Leo Vegas and Rank Group, and has just added Mr Green to the group as well, so Kambi looks to follow Unibet’s lead and go from strength to strength in the next quarter.