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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."



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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