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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 :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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