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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 :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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