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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.”
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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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