Unibet Profits Hit by Bond-Related Currency Loss

30 Apr, 2008 / GamblingCompliance Ltd. / Scott Longley

Timing is all in finance and Unibet looks to have got it all wrong when it comes to the €100m bond it issued late last year to pay for the Maria Holdings acquisition. Three months later, and a currency “re-translation” has cost the European-focused online betting and gaming operator £5.6m.