Sportingbet has announced preliminary results for the third quarter ending 30 April 2011. They saw the amount wagered Down Under rise by 14% whilst mobile phone actives rose by an impressive 44% in the same period. Much like many other companies in the sportsbook market, their in-play product saw growth of 14% and it now accounts for 59% of European Sports revenue. Emerging Markets was where they saw the most success as net gaming revenue was up 148%.
Upon the release Andrew McIver, Group Chief Executive, mused: “We have continued to see strong growth from those economies that have been less impacted by the by the current recession, in particular Australia and our Emerging Markets division. However parts of Europe have been more fragile, particularly the Greek market. Having said that, this situation once again reinforces the argument for a geographically diverse portfolio. Furthermore, it is very pleasing to report EBITDA of £16.1m, in line with budget and ahead of last year’s £14.9m. May has started robustly and the Board remains confident for the remainder of the year.”
The company also gave fans of one Premier League football club the chance to emulate their heroes for the day. 16 lucky fans of Tottenham Hotspur were given the chance to play on the pitch at White Hart Lane thanks to a competition set up by betting and gaming partner Sportingbet.
Winners of the “Play at White Hart Lane” competition battled it out against a Sportingbet XI with the competition winners going down valiantly by four goals to one.
The only unfortunate part, apart from losing, was that they didn’t get to enjoy the full footballer experience. That could have included driving around a pink wheeled 4×4, going out drinking to the places only footballers go, and…well you could even have taken out a super injunction to prevent anyone ever finding out!
