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Netent Revenue up 32 percent

NETENT ENJOYS ANOTHER SUCCESSFUL HALF-YEAR
 
Online gambling software provider grew year-on-year revenue 32 percent.
 
The Swedish online gambling software provider NetEnt has posted another positive half-year result to end June 2016, reporting that revenue grew 32 percent year-on-year to SEK 697.4 million (GBP 61.1 million) and fourteen new  casinos were launched for clients.
 
The provider revealed that it currently has 31 new live, mobile and online projects for clients in the launch pipeline scheduled for release, and promising business projected for Europe, Asia and Latin America.
 
The companys H1 statement revealed that slot products deliver almost 88 percent of its revenues.
 
Operating profit for the six months was up 44 percent y-o-y at SEK 250.5 million, and the operating margin rose 3 percent to 36 percent in the period.
 
Profit after tax followed the upward trend, soaring 46 percent to SEK 235.2 million.
 
The UK continued to provide useful business to the provider, making a hefty contribution to its 21 new customer agreements inked during the first half of this year.
 
That being the case, CEO Per Eriksson wisely noted that it was still too early to predict the impact of Brexit, although in the short term currency fluctuations could have an impact, because NetEnt bills its UK clients in pounds sterling.
 
Eriksson commented in the update that the company has launched a beta version of its new live casino mobile product, which has been well received.
 
“Mobile gaming continues to be an important growth driver for us," he explained. "Revenues from mobile doubled compared to the same period last year and accounted for 37 percent of revenues in the second quarter.”



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

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