A GOOD YEAR FOR NETPLAYTV
26 June 2009
118 percent turnover improvement and EBITDA
up 241 percent
Clive Jones, the chairman of UK interactive television
and internet gambling group NetPlayTV was not
exaggerating this week when he described the company's
performance as "coming of age'. With turnover soaring
118 percent to GBP 19.8 million and EBITDA climbing 241
percent to GBP2.4 million, it seems that the company has
upped its performance despite the tough economic
conditions.
The improvement in EBITDA, which was
showing a GBP1.7 million loss in the year 2007, is
especially praiseworthy, with much of the credit going
to the Supercasino subsidiary, which turned in an 80
percent growth in betting action to GBP 243 million.
Other preliminary results for the year ending 31
December 2008 and the first half 2009 included:
*
Group monthly gross bets and skill gaming revenue for
May 2009 over GBP39 million.
* Trading for the
first quarter of 2009 in line with budget showing an
EBITDA figure of GBP455 000.
* Strategic move
into B2B branded solutions offering for retail, TV and
online partners.
* Acquisitions of: 7 600 mobile
quiz subscribers from Rubberduck; Bingos.com; Sky
Channel 848; Pitch Gaming database; Two Way Gaming
assets and player database and Info-Download assets.
* Successful launch of ‘Daily SuperDraw’ on Channel
Five
* Successful launch of ‘Beat the Brain’ on
FX channels with Fox International
* Agreement
with Virgin Media Television to take over the production
and brand licence agreement for Challenge Jackpot.
Clive Jones, Non-Executive Chairman, said: "The
business has been transformed during the course of the
year into a significantly larger interactive media
business.
"The demand for “live” gaming is
starting to gather momentum and we are uniquely
positioned to take advantage of this major opportunity."
Martin Higginson, Chief Executive Officer,
added: “2009 has seen the investment we have made in
2007/08 start to come to fruition. During 2008, the
Group posted its first positive EBITDA* since its
transformation from a mobile content business into an
interactive TV gaming business.
Higginson also
announced that the former CEO of acquisition Two Way
Gaming, Guy Templer, would take on the responsibility
for a new B2B unit which would offer the group's live
interactive games to a range of retail, TV and online
clients.
Online Casino News Courtesy of
Infopowa
More news here.
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