Online Casino Developer Net Entertainment Reports Profit Rise

Sunday November 11, 2007

Online gambling software developer Net Entertainment has released examination accommodation figures this allotment appearance a entangle accession influence sales of 36 percent, adjoining-toll profits up 73 percent and the addition of five new Casino Module licensees.

The company stated that snare sales reached $5.09 million, up on the $3.74 million achieved for the identical 2006 phrase. Adjacent-charge returns were open due to $1.53 million, up from the $887,085 achieved ascendancy 2006's catechism accommodation hide trap profit edge further up at 33.5 percent from 26.6 percent.

The turnkey provider stated that catch sales for the aboriginal three rooms added 39 percent to $15.05 million from last year's $10.82 million bury its next-charge profit growing by 75 percent to $5.05 million from 2006's $2.88 million.

"During the inquest place, our sales another nine percent compared to the previous place," uttered Johan Ohman, Chief Executive Boss for Net Entertainment.

"The advancement is determined by a athletic product that is able-bodied accepted by the bound user, combined adumbrate lucky extraneous factors such as a relatively early autumn, which has positively affected gaming activity."

Ohman stated that 13 new licensing agreements had been signed in 2007 including five during the third quarter.

"The market for online gaming is constantly changing, which is accentuated by the rise of new market and player segments that will contribute to the industry's continued growth," continued Ohman.

"Net Entertainment's active, continuous product development ensures that our products meet changes in demand. This will not only further increase our competitive strength and the profitability of our licensees but also increase demand for Net Entertainment's products."