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NetPlayTV revenue up profits down

6/4/10 - UK interactive television gambling group NetPlayTV released its full year 2009 results this week, confirming earlier trading updates  that predicted revenues up but profits down.
 
The company’s revenues climbed 10 percent year-on-year to GBP 21.6 million, but the bottom line reflected a loss of GBP 850 000 which has to be viewed against a profit of GBP 2.43 million in the year previous.
 
Management attributed this unfortunate situation to NetPlayTV’s expansion into terrestrial television channels STV and Five, which resulted in an additional GBP 1.2 million in airtime costs, incurred in Q4/2009.
 
Playtech investor Directforce Trading’s GBP 12.8 million capital injection last August was used to upgrade studios suitable for interaction with major television networks in the more liberal gambling environment ushered in by the UK regulators, a move praised by NetPlay chairman Clive Jones this week.
 
The company’s mobile gambling operations are delivering a pleasing performance in the new financial year thus far, with gross bets placed via mobile at the Super Casino and Challenge Jackpot brands up 10 percent to GBP 3.3 million quarter over quarter.
 
The mobile betting partnership with Playtech has produced a new system which is being used for the company’s latest ITV1 bingo show Bingo Stars, says chief executive Martin Higginson.
 
"The development of the mobile betting solution we are now using for ‘Bingo Stars’ is a major milestone for the business,” he claims. “Trading on ITV is in its very early stages with the mobile application being launched in mid June. We believe the appeal of the mobile text gaming solution as an instant call to action will increase interaction considerably.” 
 
NetPlay now has airtime deals with Sky and Virgin Media TV, complementing its 5 year agreement with the Five network and a six month trial arrangement with ITV1. Higginson also has high expectations for Google TV, scheduled to go live by the end of 2010, which he says will open up online gambling to millions more players.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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