No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
RECORD RESULTS FOR NET ENTERTAINMENT
July 13,2012 : RECORD RESULTS FOR NET ENTERTAINMENT
Revenues reach an all-time high at Swedish online gambling software provider
The Swedish online gambling software provider Net Entertainment posted a sparkling interim report for the period January to June 2012 Friday, noting that its revenues reached an all-time high during the period.
High points of the company's second quarter 2012 included:
* Revenues for the second quarter increased by 32.2 percent to SEK 132.0 (99.9) million compared with Q2-2011
* Operating profit amounted to SEK 39.6 (27.2) million
* Operating margin was 30.0 (27.2) percent
* Profit after tax amounted to SEK 36.7 (25.1) million
* Earnings per share amounted to SEK 0.93 (0.64) before and after dilution
* Five new license agreements were signed and four new customers’ casinos were launched
For the first six months of 2012, Net Entertainment reported:
* Revenues for the first six months increased by 33.0 percent to SEK 259,5 (195.1) million
* Operating profit amounted to SEK 79.7 (53.5) million
* Operating margin was 30.7 (27.4) percent
* Profit after tax amounted to SEK 71.4 (48.0) million
* Earnings per share amounted to SEK 1.80 (1.21) before and after dilution
*Ten new license agreements were signed and eight new customers’ casinos were launched
The company attributed its impressive growth in to increased volumes primarily driven by existing customers’ growth and new customer agreements signed. The amount of set-up fees for the quarter also contributed positively to the revenue increase.
The report notes that the Italian market continued to contribute positively to the company’s revenues during the second quarter. The Italian gaming authority AAMS has announced that slot games online will be allowed in Italy from December 2012, which will further enhance returns.
NetEnt handled 2.9 billion game transactions in the second quarter - a decrease of approximately 3 percent compared to the previous quarter. The decrease is the result of seasonal variations as the summer months traditionally have a lower activity level, in combination with exceptionally high activity from two games in the first quarter that have now normalised.
However, the average bet level during the quarter increased which affected revenues positively.
Looked at year-on-year, game transactions increased by approximately 53 percent compared to the same period in 2011.
During the second quarter, development on the mobile platform at NetEnt continued in order to introduce a product compatible with Android units. This work has progressed well and two customers were initially launched on NetEnt Touch via Android.
During the second quarter Bwin.it was launched, ready for casino operations in Italy.
Per Eriksson, president and CEO of Net Entertainment, said the company's progress was good, with operating profit up by 46 percent compared to the same period last year.
He revealed that in order to improve speed and efficiency, the company had undergone some reorganisation during Q2-2012.
"The purpose of the changes was primarily to make the decision making process more effective through a flatter organisational hierarchy and meant that certain management positions were eliminated, such as the CTO," Eriksson said. "The reorganisation resulted in non-recurring costs of SEK 2.5 million in the second quarter."
Eroksson also revealed that several strategic projects are currently ongoing in Net Entertainment, including Live Casino, the entry into the UK market and establishing a presence in regulated markets.
"These projects have not yet started to generate any new revenues to the company, or have not yet reached the full potential, such as in Italy, but are expected to generate significant value for Net Entertainment in the future," he said. "As these projects are completed the investments will in certain cases decrease while other projects will require further development to maintain competitiveness. In addition, Net Entertainment will continue to invest as new opportunities arise."
Eriksson cautioned that the impact of diverse regulatory requirements and the need to handle growth made it necessary to maintain and further develop Net Entertainment's processes, systems and organisation, requiring that staff levels and recruitment policies remain unchanged. Additional studio staff had been recruited for the Live Casino project during the third and fourth quarter, he noted.
Turning to the mobile sector, Eriksson said that the launch of mobile games has been successful and there was strong growth in this area, albeit from low levels as the launch took place in December 2011.
"There is a high interest in the market and the company has signed a total of 17 contracts since launch, of which eleven are live," he revealed. "During the quarter, development of mobile games for Android units continued and we have now launched two customers."
The Italian market continued to perform positively for Net Entertainment clients, and the company was preparing for the advent of online casino action in the market at the end of 2012, planning initially to launch a selection of slot games when the market opens.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.