Netplay Recovering Ground

NETPLAY RECOVERING GROUND

Source: http://www.azonlinecasinos.com

But EBITDA still lags

NetPlay TV, the UK interactive television gambling company, announced its preliminary results for the year ended 31 December 2010 this week.

The company showed an increase in revenue from recurring activities of 7.1% to £19.8 million (2009: £18.5 million) but an EBITDA loss of £2.78 million (2009: £1.32 million).

Casino revenue rose 21.8% to £17.35 million (2009: £14.24 million) whilst bingo EBITDA declined substantially by 49% to £ 330 000 (2009: £ 650 000)

Average active monthly casino players rose 16.2% to 9,300 (2009: 8,000) and total new casino customer signups increased 16.8% to 66,000 (2009: 56,500).

The company confirmed that its corporate restructuring was now completed - with a renewed focus on core live casino business.

The company has relocated all gaming operations to Alderney and has seen the successful launch of its SuperCasino iPhone application.

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