Netplay TV Reports Strong Growth In Gaming

[image credit : Investor’s Champion]

Interactive gaming firm NetPlay TV has reported a 19% year-on-year increase in new depositing casino players in the second quarter of 2013.

A total of 14,906 new players were registered between the start of April and the end of June, up from 12,515 during the corresponding period of 2012.

Netplay TV said that the figure had decreased by 16% from ‘an exceptionally strong first quarter’ in 2013 due to ‘seasonally expected’ trends, but added that total net revenue had increased by one% from the first quarter to second quarter.

There was also a 25% year-on-year increase in quarterly active depositing casino players to 28,261 and a 34% increase in total net revenue to £7.1m (€8.3m/$10.8m) from £5.3m.

The company added that there had been a cumulative 31% increase in half-yearly new depositing casino players to 32,618, in comparison with 24,948 in the first half of 2012, and cumulative half year-on-year net revenue had grown by 36%.

“The company has continued to increase investment in pure online marketing in addition to its core TV marketing,” Netplay stated.

“This strategy has delivered robust quarterly and half yearly year-on-year core key performance indicators. The directors are pleased with this continued strong performance and are confident of meeting full year market expectations.”

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