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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;
 
* SuperCasino.com was the headline sponsor of Big Brother and Celebrity Big Brother;
 
* Acquisition of Vernons.com, 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 Vernons.com 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 :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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