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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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