Sportingbet has announced a 17 per cent increase to £59.9m in total revenue for the quarter ended October 31, 2011.
The online sports betting and gaming group, which acquired Centrebet in August and completed the disposal of its Turkish language website in November, contributed £2.4m to profit before tax for the quarter.
Forty per cent of the company's net gaming revenue, the total of which was up 165 per cent (like for like up 58 per cent), came from regulated territories and a further 18 per cent from territories that Sportingbet is paying tax ahead of expected regulation.
In-play was at an industry leading margin of 10.1 per cent, compared to 9.7 per cent in 2010, and mobile penetration is continuing with a 108 per cent increase in actives year on year.
Andrew McIver, group chief executive, commented: "Sportingbet is in robust health due to our geographically diversified business model and quality sportsbook offer. With the acquisition of Centrebet in Australia and the disposal of our Turkish Language website, we are making good progress towards our goal of deriving the majority of our revenues from regulated territories. The early signs from our enlarged Australian business are very encouraging and we look forward to making further progress there during the coming year."
He added: "While trading in the Euro zone territories remains subdued, we welcome regulation in this key market and the greater certainty it brings to our revenues."
