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Great 4th Quarter For Netent
The Swedish online gambling software provider Net Entertainment has matched the outstanding performance of its sister company Betsson with a gilt-edged Q4 2008 set of results that showcase a 71 percent increase in revenues to $7.45 million, and a doubling of operational profit to $3.69 million over the corresponding quarter in 2007.
The company's operating margin increased to 49.1 percent from 41.9 percent while profits for the period increased by 96 percent to $3.28 million from $1.67 million.
Net Entertainment signed four new licensees for its CasinoModule solution over the fourth quarter of last year. This is in addition to the two deals it agreed last month for its CasinoCafe (see previous InfoPowa report), which is software that allows an operator to establish a local casino operation using standard PCs from a central location with broadband access.
For the full year 2008, Net Entertainment reported that revenues increased by 56 percent to $24.78 million while its operating profits rose 74 percent to $10.63 million. Profits for the year increased by 74 percent to $9.69 million, helped by 20 CasinoModule license agreements with operators such as Victor Chandler, King.com and Bet-At-Home.
“2008 was a record year for Net Entertainment,” said Johan Ohman, President and Chief Executive Officer. “Our customers and shareholders can be pleased with our strong growth and it shows no signs of slowing down. December 2008 was our best month ever with regards to revenues. Our key CasinoModule and CasinoCafe products are continuing to sell well. They were improved during the year and are very well regarded by gaming operators around the world.
“Net Entertainment has entered 2009 with a product portfolio and customer base that is stronger than ever. And our accreditation from the independent industry standards and player protection organisation ECOGRA in 2008 is a quality and credibility stamp that will drive continued new sales."
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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