Interactive Tv Gambling Group Gathering Momentum Again

INTERACTIVE TV GAMBLING GROUP GATHERING MOMENTUM AGAIN

24th April, 2012 at 04:28:13
Source: http://www.azonlinecasinos.com

NetPlayTV results are perking up

The UK interactive television gambling group NetPlayTV has posted its preliminary results for the year ended 31 December 2011, showcasing better progress and the following financial highlights:

* 12.4% increase in Group revenue to 22.3 million (2010: 19.8 million)

* 18.6% rise in casino revenue to 20.6 million (2010: 17.4 million)

* EBITDA from continuing operations 3.4 million (2010: negative EBITDA of 2.8 million)

* Profit before tax 600,000 (2010: Loss before tax of 14.2 million)

* Operational cash flow of 2.5 million (2010: negative 3.8 million)

Operational Highlights included:

* Five year contract with Channel 5

* Successful launch of Supercasino iPad app

* New TV pre midnight advertising strategy

Other more recent developments include:

* New two year broadcast agreement with ITV

* Q1 2012 average daily revenue 20% up on Q1 2011 9% increase on Q4 2011

* iPhone and iPad applications for Jackpot 247 game

Commenting on the results, Charles Butler, NetPlayTV's chief executive said:

We are very proud of the significant strategic and commercial progress made over the past year, and the robust results announced today illustrate the strength of the company's live TV casino proposition.

We are confident in the opportunities for growth available in the existing UK markets through a combination of strong customer acquisition and product development, whilst also pursuing quality international expansion opportunities. We will continue to leverage our strong broadcaster relationships to drive growth and in turn create long term shareholder value."

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