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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.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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