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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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