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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.



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Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

NBA Odds: Wizards-Celtics at the Garden - The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.

A Night With Cleo Pays $180K Progressive Jackpot - We’d like to give a shout out to Juan S. from Texas for joining Bovada on a high note on Thursday May 4.

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