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Gambling: Netent good 1st half
Software provider Net Entertainment has reported another set of strong results for the half year to June 30th 2009, with revenues, profits and margins all up.
H1 revenues climbed 53 percent to SEK138.8 million (H1 2008: SEK90.9 million), whilst operating profit rose 59 percent to SEK54.9 million and profit after tax soared by 65.4 percent to SEK54.5 million.
The company also reported operating margins up 0.8 percent to 39.5 percent, and EBITDA of SEK25.3 million, up from SEK18.3 million
A lucky online gambler impacted the firm's Q2 cashflow by winning a SEK 47.3 million jackpot, one of NetEnt’s largest yet and paid out in a lump sum.
On the personnel front, the company reported the hiring as COO and md for sales and marketing of Björn Krantz, who takes up his responsibilities in Malta on September 1st.
New licensees during the review period included Nordic operator Paf, which ordered download and browser-based versions of NetEnt's CasinoModule in a four year deal. The company is also gearing up for the launch of its CasinoCafé product, and expects orders for CasinoModule from Paf, Expekt and Sportingbet to boost revenues.
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Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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.
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