The Figures Are For the Third Quarter Of 2013

2 October 2013 – By Linda Jefferson

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In this period of the year, many companies involved in the online casino market announce details of their accounts from the third quarter of the year. Net Entertainment is a Swedish-based software developing firm known for its high quality, exciting games released over time. For this year’s third quarter, the online casino game provider announced an increase of 25 percent. The third quarter of 2013 ran from July until the end of September and for these three months, Net Entertainment posted overall revenue of almost $ 24 million. If we add these numbers to the previous two quarters they make an impressive increase for the online casino gaming company. For the first nine months of 2013, the software company stands at $ 70.6 million, which is an overall increase of 18% compared to the same period as last year. The operating profit for the latest quarter has obviously increased, with almost $ 7 million before tax and $ 6.2 million after tax.

Net Entertainment’s Chief Executive Officer was very pleased about the company’s latest set of accounts. In a recent statement, the CEO said the increased revenues showed positive development compared to last year and they came as a consequence of good underlying growth with the firm’s existing customer base. In the last 12 months, Net Entertainment signed agreements with 22 new customers, and this a proof of the company’s ability to generate good results for their partners. The online casino games developing team has released premium products leading to an increased demand for the company’s services.

The United Kingdom is one of the most important online casino markets in Europe and the high commitment throughout the entire organization led to several new agreements with some of the largest operators in Great Britain. When all operators will be fully launched in UK, Net Entertainment is expecting another rise in their business. Some of the new clients in Great Britain include big names on the online casino market, like Ladbrokes and William Hill. Besides that, the company also made deals with nine new customer facing casinos that have been launched during the last few months.

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