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Business improves for Net Entertainment

Leading Swedish online casino software provider, Net Entertainment’s numbers for the second quarter were recently released and shows strong overall growth with an increase of 12.6% in revenues during the second quarter of 2013.

CEO Per Eriksson states. “We have a solid sales pipeline in UK as well as in other parts of Europe and overall our position is strong on the market and I look forward to the second half of 2013.”

Per Eriksson commented:

“The second quarter showed a solid development for Net Entertainment. We launched several new games and despite the seasonal effect that normally occurs during the months May-August the game volumes remained at a relatively stable level compared to the previous quarter.

“Compared to last year game transactions increased by 34 percent. Revenue growth was 13 percent (17 percent in Euros) during the second quarter compared to the same period in the previous year and the operating margin amounted to 26 percent.

“We see a continued interest for Net Entertainment’s products and services. Six new customer agreements were signed in the second quarter, of which one Tier-1 customer, Lottomatica, which is one of the market leaders in Italy. The agreement will further strengthen our position in Italy.

“Mobile games continue to show good growth and during the quarter four new agreements were signed. To date 34 customers have launched mobile games. The launch of the Live Casino product is moving forward, albeit at a somewhat slower pace than expected, primarily due to certain operators that are waiting to fully market the product until blackjack is live. We signed three new agreements for Live Casino during the quarter with a total of 19 agreements signed to date, of which eight are launched.”

Net Entertainment is also keeping a close eye on the United States according to the CEO,

 

 

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