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Good year for NetPlayTv

Tuesday April 8,2014 :  NETPLAYTV ENJOYS A GOOD YEAR
All the numbers are going in the right direction… and there are 25 percent more players.
The UK interactive television and online gambling operator NetPlayTV has published a sterling set of full year results for the reporting period ending December 31 2013, reporting the following highlights:
* 31 percent increase in net revenue to GBP 28.5 million (2012: GBP 21.8 million)
* 21 percent increase in EBITDA to GBP 5.2 million (2012: GBP 4.3 million)
* 32 percent increase in adjusted earnings per share to 1.68 pence per share (2012: 1.27 pence per share)
* 15 percent increase in profit for the year and total comprehensive income to GBP 4.1 million (2012: GBP 3.6 million)
* Cash and cash equivalents up by 13 percent from GBP 12.3 million to GBP 13.9 million.
* 42 percent increase in final dividend proposed to 0.32 pence per share (2012: 0.225 pence per share) resulting in a total dividend of 0.50 pence per share (2012: 0.375 pence per share).
2013 operational highlights included:
* New three-year ITV agreement signed in April 2013, extending the number of nights of Jackpot247 from four to six per week;
* was the headline sponsor of Big Brother and Celebrity Big Brother;
* Acquisition of, the e-gaming business, delivering diversification through online casino, bingo, and sportsbook;
* Significant investment in pure online digital marketing;
* Management structure strengthened for next phase of growth.
CEO Charles Butler commented:
“This has been a great year for NetPlayTV, delivering our third consecutive year of net revenue growth in excess of 20 percent and increasing EBITDA by 21 percent to a record GBP 5.2 million. We have continued to be highly cash generative during the year and are pleased to announce a 42 percent increase in the final dividend to 0.32 pence per ordinary share.
"The Group continues its significant investment in marketing and product development which has resulted in an impressive 25 percent increase in new depositing players.
"The acquisition of the e-gaming business towards the end of the year presents new growth opportunities with the addition of sportsbetting and bingo to the existing core casino offering. This acquisition highlights our strategy for growth both organically and via strategic acquisitions.
"The Group is well positioned in its current markets, and looks forward to building upon the success of 2013.”

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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