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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.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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