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NET ENTERTAINMENT POSITIVE PERFORMANCE

03/24/2012 :  NET ENTERTAINMENT POSITIVE PERFORMANCE
 
Live Casino to be launched in the second half of the year
 
Online gambling supplier Net Entertainment delivered its Full Year 2011 results turning in a strong performance and exciting plans for the future.
 
Key Performance Indicators include:
 
-     Increase in Revenue of 16.1 percent amounting to SEK 427.6 million (FY2010: SEK 368.3 million).
 
-     Operating profit decreased by 4.9 percent to SEK 129.7 million (FY2010: SEK 136 million) - affected by costs amounting to SEK 6.7 million due to the departure of senior executives.
 
-     Operating margin 30.3 percent (FY2010: 37 percent) - Excluding the cost of executive departures, the Company’s operating margin was 31.9 percent for the full year 2011.
 
-     Profit after tax amounted to SEK 115.6 million (FY2010: SEK 120.5 million)
 
-     Earnings per share amounted to SEK 2.92 (FY2010: SEK 3.05) before and after dilution
 
-     Seven new license agreements signed, including G.Matica and Sky Betting & Gaming.
 
-     Eleven new customers’ casinos launched
 
-     Number of game transactions grew by 41.7 percent to 8.6 billion - largely attributed to slot games
 
-     The Group’s cash and cash equivalents amounted to SEK 74.2 million (FY2010: SEK 47 million) on December 31 2011.
 
Investments during the year included the development of new games, development and launch of its mobile channel, technical platform adjustments for increased functionality and regulated markets, construction of a test studio for its anticipated Live Casino product, platinum and branded games and office expansions.
 
The future outlook for the company is bright with big expectations for its recently launched mobile portfolio, the debut of its new Live Casino product - scheduled for the last quarter of the year and its strategy to increase its presence in the United Kingdom advancing well.
 
"All in all, 2011 was a fantastic year for Net Entertainment with continued strong organic growth in combination with strategic initiatives, and I am very excited about the future which holds great opportunities for the Company,” commented Björn Krantz - acting president and CEO of Net Entertainment during the period August 2011 to February 2012.
 
Per Eriksson, current president and CEO of Net Entertainment appointed March 2012 added: "With Net Entertainment’s focus on customer closeness, product and technology leadership the Company is well positioned for the future and it will be very exciting to take the Company to new ground together with our skilled and motivated employees".



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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