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Netent Q1-2016 Report

Tuesday, April 19, 2016 :  NETENT PERFORMS WELL IN Q1-2016
 
Revenue up by more than a third and operating profit rises over 50 percent.
 
Online gambling software provider NetEnt has posted another set of impressive results for the period January-March 2016, noting that revenue growth was up by more than a third and operating profit by over 50 percent.
 
In his report to shareholders, Per Eriksson, president and CEO, commented:
 
“We have had a strong start to the year with high growth in revenues, profits and cash flow.
 
"In January we released the slot game Guns N Roses, which became our most successful game release so far. The game is part of our new concept NetEnt Rocks, which includes upcoming games based on music and graphics of Jimi Hendrix and Motörhead. We have an exciting year ahead of us and I am positive about the future.”

Highlights of the group's Q1-2016 results include:
 
* Revenues for the first quarter up by 33.7 percent to SEK 345.4 (258.3) million;
 
* Operating profit of SEK 128.1 (81.8) million, an increase of 56.6 percent;
 
* Operating margin of 37.1 (31.7) percent;
 
* Profit after tax of SEK 121.7 (74.2) million, an increase of 64.1 percent;
 
* Earnings per share reached SEK 3.04 (1.86) after dilution;
 
* 9 new licence agreements were signed, 8 new customers’ casinos were launched;
 
* License agreement signed and games launched with PokerStars in New Jersey;
 
* NetEnt became associated member of World Lottery Association (WLA);
 
* Administrative Court of Appeal ruled in NetEnt’s favour in tax dispute;
 
Eriksson noted:
 
"The number of gaming transactions was 8.9 billion in the first quarter, representing an increase of 37 percent compared to the previous year.
 
"We have successfully signed up all gaming operators in New Jersey and have quickly gained market share and traction with our games there, which is good for our future growth not only in New Jersey, but also in other US states if and when they decide to reregulate the online gaming market.
 
"Mobile games and the UK market continue to contribute significantly to our growth. Revenues from the UK almost doubled compared to the same period last year and mobile games represented 33 percent of our gamewin in the quarter, a sharp increase from the level of 21 percent last year."



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Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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