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Netplay Gross bets up by 308 percent to GBP 159 million
UK interactive television, Internet and mobile gambling group NetPlay TV showcased strong first half 2008 results this week, revealing that gross bets soared 308 percent to GBP 159 million (H1:2007 GBP 39 million) The rise was fuelled by a number of acquisitions made by the company up to end June.
The company announced EBITDA of GBP 1 million, a significant improvement on last year's loss in the same period of GBP 900 000.
Operational highlights during the period included the acquisition of online bingo operator Bingos.com for GBP 6.5 million in April, which is in the process of being integrated into a multi-currency, multi-language technical platform that will allow NetPlay to add games easily to its offering and for its customers to move between the mobile, internet and TV platforms.
The company acquired an additional 7 600 mobile quiz subscribers from mobile content provider Rubberduck in March, Sky Channel 848 (now Sky Channel 867) and the customer database of PitchGaming customer database in May, and added web games to LiveRoulette.com in July.
NetPlay signed a 12-month contract with Turner Media Group in May to broadcast its live roulette show on Nuts TV every Friday, Saturday and Sunday on both Freeview and Sky as its contract with Virgin Media came to an end in June. The company is currently in negotiations with a number of broadcasters with a view to extending its TV offering.
Martin Higginson, the executive chairman of the company said that 2008 had thus far been a positive year for the company. "In H1 we generated a profit before tax and, with the acquisition of the Bingos.com business, we have further strengthened our position as the market leader in the converged multi-platform gaming arena. We continue to invest in the business as we strive to deliver the very best player experience," he said.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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