Unibet, the Sweden-based online gambling operator, has revealed gross win revenue of $62.9 million for the first quarter of 2008, up 44 percent versus the year-ago period.
Profits before tax fell 75 percent from $17.5 million to $5.7 million.
The company noted however that without an $11.1 million currency exchange loss on the $155.3 million bond used to finance its December acquisition of Maria Holdings Ltd., profits before tax remained largely unchanged at $16.9 million.
Profits after tax were down 73 percent from $16.5 million to $4.3 million.
Earnings before interest, tax, deduction and amortization, meanwhile, rose 32 percent to $26 million from $19.7 million.
Active customers were up 20 percent to 288,161 from 239,929.
Chief Executive Petter Nylander said the company had seen "healthy growth" in gross win and operating profit.
Mr. Nylander said that the company has corralled marketing costs and "substantially completed" the operational integration of Maria Holdings, the Malta-based bingo operator.
He added the ongoing conflict between certain EU member states and the European Commission "is likely to prevail short and mid-term but is not impacting Unibet's view on achieving [its 2010 financial] targets."