This post is for the readers who are investing in NetEnt. It seems that NetEnt has some phenomenal news in terms of the financial reports of Net Entertainment NE AB.
The first thing we will let you know is the fact that NetEnt has increased its revenue by 38% since last year. The second quarter’s improvement is due to an increased development from the customer’s side as well as “more setup fees,” as stated by Per Eriksson, the CEO of NetEnt.
As for the number breakdown during the second quarter 2014:
The first half of 2014:
During the second quarter, some key events had occurred:
The President and CEO of NetEnt, Per Eriksson also mentioned that the World Cup 2014 did not affect revenues in a negative manner although it is likely that such a large sport event can take attention away from casinos. He also mentioned:
22 agreements were signed in total during the quarter, 10 were new customer agreements, five were for Live Casino, six for mobile games and one agreement, the first of its kind, was signed with William Hill for land based gaming machines (retail) where some of NetEnt’s games will soon be available in William Hill’s 2300 betting offices across the UK. According to the market research company H2 Gambling Capital the retail market is nine times larger than the online casino market in Europe, a market where NetEnt has not had any presence in the past. The launch of William Hill Retail will initially include a limited amount of games. The royalty level is lower compared to online games but long term, the retail segment will contribute positively to the growth.
NetEnt also has plans on expanding to the U.S. market – New Jersey specifically, as they are working out a license as we speak. They also have plans on expanding in other regions such as Spain and Asia.
For the full investor report, visit NetEnt’s website.