Declaring its full-year 2015 results (period ending 31 December), interactive gambling operator NetPlay TV posted net revenues of £26.4 million down 4% on FY 2014’s £27.4 million. The London AIM-listed operator who in 2015 had undertaken a corporate restructure focusing on cost savings and operational efficiencies, reversed its FY earnings results posting corporate profits of £600,000 (FY 2014: – £100,000). NetPlay …
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NetPlay TV positive of improved 2015 trading
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 …
Read More »NetPlay TV ends pursuit of The Football Pools
Interactive gaming operator NetPlay TV has confirmed that it has ended its pursuit of Sportech asset The Football Pools (UK). Issuing a short corporate update, the operator confirmed that it had ‘terminated talks’ with Sportech governance regarding its interest in the division. “After careful consideration the company has decided not to enter into this process and has therefore terminated discussions,” …
Read More »Netplay TV looks to take over the Football Pools
Netplay TV has asked for its shares to be suspended on the AIM after an announcement that it was considering a reverse takeover of the Sportech owned football pools business estimated to be worth around £100m. The football pools, formerly the backbone of the gambling industry in the UK, still attracts 300,000 weekly players though this is down from 10m at …
Read More »NetPlay TV’s efficiency strategy sees improvement in core metric performance
Bjarke Larsen CEO of interactive igaming operator NetPlay TV, has stated that the operator’s governance is pleased with the progress that the firm is displaying under a new corporate strategy. Presenting NetPlay’s interim H1 2015 performance (period ending 30 June), Larsen highlighted that the operator core KPI metrics remained strong. Despite new POC charges that amounted to £1.9 million in …
Read More »NetPlay TV bolsters marketing & development capabilities with Otherside Inc acquisition
Interactive gambling operator NetPlay TV has announced that it has acquired product development and marketing studio Otherside Inc for £3.2 million. The London AIM listed operator stated that it had been actively looking at the market and considering various options as part of its stated strategy to expand the business both organically and through M&A. Founded in 2008, Otherside specialises …
Read More »NetPlay TV records 30% earnings drop in 2014
Interactive igaming operator NetPlay TV posted its 2014 full year results recording an adjusted EBITDA decline of 30% to £3.6 million (FY 2013: £5.2 million). A tough 2014 had seen the operator record a higher operational and administrative expenses. Netplay TV who on Thursday had announced a broadcast partnership extension with Channel 5 UK, recorded its first year of losses, …
Read More »NetPlay TV confirms broadcast partnership extension with Channel 5
NetPlay TV operator of interactive casino brands Jackpot247 and SuperCasino has confirmed that it has extended its broadcast partnership with Channel 5 UK. The new extension to its Channel 5 broadcast slots will continue till 2018. NetPlay TV senior management were pleased to continue its partnership with Channel 5, stating that TV operator was a core part of its unique …
Read More »Bjarke Larsen takes over as NetPlay TV CEO
Interactive gambling operator NetPlay TV has appointed Interim CEO Bjarke Larsen as Chief Executive Officer with immediate effect. The operator announced the appointment of Larsen in its latest trading update. Larsen had taken over the position, following Charles Butler’s stand down from the role to take on a Non-Executive Chairmanship in August 2014. Larsen has been with NetPlay TV since …
Read More »Increased industry marketing spend affects NetPlay TV performance
NetPlay TV Plc issued its Q3 2014 trading update. The interactive gambling operator who had suffered an H1 2014 profits decline of 50%, reported that revenues had remained broadly flat during the period. The operator recorded gaming revenues of £6.4 million (Q3 2013: £6.5 million). NetPlay TV plc management stated that the unstainable levels of marketing activity seen throughout the …
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