NetPlay TV positive of improved 2015 trading

bjake
Larsen

The governance of Interactive gambling operator NetPlay TV has stated that the company is on course to meet its corporate expectations for 2015.

Issuing a market update on Thursday, NetPlay TV governance noted that key performance metrics were strong, with positive net gaming revenues and EBITDA revenues to be announced in its upcoming year end 2015 statement.

In 2015 the company was able to implement a new corporate strategy aimed at maximising operational and marketing efficiencies, with a view of reversing its 2014 performance which had seen NetPlay TV record a 30% drop in earnings.

The new strategy has been led by CEO Bjarke Larsen who took leadership of the company in January 2015. Under Larsen’s leadership NetPlay TV undertook the acquisition of product development and marketing studio  Otherside for a reported £3.2 million, as the interactive operator looks to become more self-efficient

NetPlay TV commented on its market update “2015 has been a milestone year for the group in terms of both strategic and operational achievements, whilst also being the first full calendar year following the introduction of the POC duty,”

“Trading for this business post-acquisition has been strong, and with the integration largely complete, the board expects to realise further synergies from the group’s existing gaming operations,”

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