iGaming Business – Swedish online gaming operator Unibet generated gross winnings of £16 million (€20.2 million/$27.5 million) during football’s 2014 Fifa World Cup in June and July.
In announcing interim results for the three months through to the end of June, Unibet said that almost half of its total sales of £112 million during the World Cup came from live betting (£51 million).
For the second quarter of 2014, live betting accounted for 64.6% of sports betting sales for Unibet, down year-on-year from 67.5%, and 43.2% of gross winnings, down from 51.6%.
However, quarterly earnings and profit rocketed for the operator.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased from £12 million to £53.7 million, with profit before tax up from £6.7 million to £48.1 million.