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Netent FY 2015 revenue up 34 percent

Thursday February 11,2016 :  NETENT REPORTS ANOTHER SUCCESSFUL YEAR.
 
FY 2015 revenue up 34 percent year-on-year.
 
Swedish online gambling software and games developer NetEnt powered to another record performance in 2015, according to numbers published this week by the company, which highlighted the following achievements:
 
* Revenue up 34 percent year-on-year to SEK 1.1 billion (GBP910 million) thanks mainly to new client growth;
 
* Earnings of SEK 401 million (GBP 34 million) and profit after tax of SEK 374 million (GBP31 million), up 54 percent y-o-y;
 
* Content supply agreements with 37 new online casino partners, and 43 new licence deals signed;
 
* Operating margin of 35 percent achieved (FY 2014: 30 percent);
 
* Q4-2015 up 34 percent  to SEK323.1 million;
 
* Q4-2015 operating profit rose 51.6 percent to SEK121.8 million, with fourth quarter and profit after tax up 50 percent y-o-y at SEK 115.7 million.
 
* Operating margin for Q4 surged upward to 37.7 percent, its highest level in five years;
 
* 14 new licence agreements signed and 16 new online casinos launched in Q4;
 
* NetEnt handled 8.2 billion transactions during the fourth quarter, and over the year 27.7 billion.
 
The company's CEO, Per Eriksson, said in a statement this week:
 
“2015 was yet another fantastic year for NetEnt. Continued growing demand for digital casino entertainment and for our products helped us reach new record levels in terms of revenues, results and cash flow.
 
“We continue to deliver on our long-term strategy for profitable growth with new products, new customers and new markets.
 
“Customer satisfaction is the foundation for our long-term growth and our approach is to have a business partner mindset for shared success. In our annual customer survey, 99 percent of all our customers expressed that NetEnt has a top reputation in the industry. Innovation is a key word in everything we do and in November we won the prestigious prize “Game of the Year.”
 
Eriksson added that mobile gambling and the UK market continue to be important to the company as outstanding areas of growth, and appeared bullish on prospects for continued success in 2016, with a large pipeline of signed customers yet to be launched, mobile growth and expansion in North America.

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Gambling News :

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.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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