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NetPlay TV HY Results

Tuesday September 15,2015 :  NETPLAY TV REPORTS HALF YEAR RESULTS
 
Revenue dips despite increase in new depositing customers.

NetPlay TV released its interim results for the six months ending June 30, 2015 posting a dip in revenue despite an increase in new depositing customers and a drop in marketing expenses.

Key Performance Indicators include:

-    21 percent increase in new depositing players to 42,305 (H2/2014: 35,102)

-    13 percent increase in active depositing players to 63,411 (H2/2014: 56,079)

-    Net revenue of GBP 12.7 million (H2/2014: GBP 12.9 million)

-    Average revenue per active depositing players across casino-only brands of GBP 273 (H2/2014: GBP 270)

-    Adjusted EBITDA increased to GBP 1.3 million versus prior periods on a like-for-like basis (H2/2014: GBP 0.1 million)

-    Betting and gaming duties expense of GBP 1.9 million (H2/2014: GBP 0.4 million following the introduction of the UK Point of Consumption duty

-    Marketing expenditure reduced by 24 percent to GBP 4.5 million (H2/2014: GBP 5.9 million).

-    Adjusted profit before tax of GBP 1.1 million (H2/2014: GBP 1.2 million) and reported profit before tax of GBP 0.2 million (H2/2014: loss of GBP 1.1m)

"We are very pleased to report our decisive action at the end of 2014 has delivered such a positive outcome with all of our KPIs holding strong,” Bjarke Larsen, chief executive officer of NetPlay TV said. “In a post POC market, our strategy to focus on TV-led customer acquisition, supported by digital marketing, has proved successful.”
 
The group looks forward to the opportunities its acquisition of Otherside Inc. will bring saying it provides an immediately profitable revenue stream whilst adding to its capability in driving traffic to NetPlay's brands.



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NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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