Unibet Profits Hit by Bond-Related Currency Loss

Scott Longley, 30/04/2008

GamblingCompliance Ltd.

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.

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