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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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