Net Entertainment Financial Statement Release

Posted by Gambling News | Gambling Industry News | Thursday 9 February 2012 11:20 am

Earnings report 2011 – Quarterly report October – December 2011

2011 WAS A YEAR OF NEW INITIATIVES FOR CONTINUED SUSTAINABLE GROWTH

    FOURTH QUARTER 2011

  • Revenues for the fourth quarter increased by 21.6 % to SEK 121.1 (99.6) million
  • Operating profit amounted to SEK 42.2 (33.8) million
  • Operating margin was 34.9 (33.9) %
  • Profit after tax amounted to SEK 36.6 (29.0) million
  • Earnings per share amounted to SEK 0.93 (0.73) before and after dilution
  • Two new license agreements were signed, and two new customers’ casinos were launched

    FULL YEAR 2011

  • Revenues for the full year increased by 16.1 % to SEK 427.6 (368.3) million
  • Operating profit amounted to SEK 129.7 (136.4) million
  • Operating margin was 30.3 (37.0) %, 31.9 % excluding costs amounting to SEK 6.7 million related to former senior executives
  • Profit after tax amounted to SEK 115.6 (120.5) million
  • Earnings per share amounted to SEK 2.92 (3.05) before and after dilution
  • Seven new license agreements were signed, including G.Matica and Sky Betting & Gaming. Eleven new customers’ casinos were launched
  • Proposed transfer to shareholders is SEK 2.00 (2.00) per share

IMPORTANT EVENTS IN THE FOURTH QUARTER

Revenue growth for the fourth quarter was 21.6 percent compared to the fourth quarter 2010. The strengthened Swedish currency has held back revenue growth in SEK. In local currency, revenues increased by 23.1 compared to the fourth quarter 2010.

The number of game transactions amounted to 2.6 billion in the fourth quarter, an increase of 19.6 percent compared to the previous quarter and 48.9 percent compared to the same period in 2010.

During the fourth quarter agreements were signed for delivery of the casino portfolio to several large operators on the newly regulated online market in Denmark. On January 1 2012 Denmark opened up as a regulated market. Operators signed include Betsson, Unibet, Bet24, Sportingbet (including Scandicbookmaker and Danbook). Companies who intend to operate on the local market must fulfill the gaming authority’s compliance requirements during the fourth quarter 2012.

During 2011, Net Entertainment has adjusted and developed the Company’s system and games to be compliant with mobile units. In December the first mobile games were launched on the market. The initial launch includes mobile games supporting IOS terminals, i.e. Iphone, Ipad and Ipod, with three of the Company’s most successful casino games, Gonzo’s Quest, Jack Hammer and Blackjack. Net Entertainment’s mobile offering will be launched under the name NetEnt Touch™ and will include some of the best games from both the existing portfolio and new game releases. The launch of new mobile games will follow a phased roll-out approach to several partners during 2012.

Net Entertainments strategy is to be the leader within online casino. It is a continuous process to improve and expand the product portfolio and the Company constantly analyzes new opportunities. As a result from this, the Company has decided to launch its own Live Casino product with a planned release to the market around year-end 2012. This product segment is a complement to the Company’s existing games portfolio and is estimated to contribute positively to the Company’s growth in the future.

During the fourth quarter Per Eriksson was appointed CEO of Net Entertainment with a start date on March 1, 2012. Per is presently serving as CEO and President of Dustin Group AB. Prior to that, Per has had a long career within Dell, where he left as Head of Dell EMC (Europe, Middle East and Africa).

Intralot Interactive was launched in Italy where Net Entertainment is now live with five out of eight operators.

COMMENTS FROM BJÖRN KRANTZ, ACTING PRESIDENT AND CEO

Year 2011 was a year of new markets and product initiatives to secure continued solid growth for Net Entertainment moving forward. Revenues increased by 21.6 percent during the fourth quarter which is a result of organic growth. Net Entertainment has been successful in strengthening the position as a leading supplier of games and systems within online casino and our focus on customer closeness and product and technology leadership will continue to differentiate us. During 2011 our market share in Europe increased to 22.4 percent compared to 19.3 percent in year 2010 1.

Net Entertainment has a clear focus on online casino and to complement the existing product portfolio and strengthen the Company’s offering it was decided during the fourth quarter to launch our own Live Casino product with a planned release around year-end 2012. Live Casino is a relatively new form of gaming which has proven to be successful and is also expected to show good growth in the coming years.

We are committed to and take part in the ongoing regulation of our industry in Europe. Whether Net Entertainment enters a regulated market or not, is evaluated from case to case with regards to the financial, organizational and the strategic impact on the Company as a whole. Net Entertainment was among the first to enter Italy which regulated the market in July 2011 and Denmark which was regulated in January 2012.

We have now commercially launched five out of eight operators in Italy. The roll-out of remaining customers will take place as soon as practically possible. In addition, it is our ambition to launch slots as soon as the Italian authority allows it.

As a response to the growing mobile market the first mobile games were completed and launch took place according to plan during December 2011. Ongoing launches of new mobile games will take place during 2012 and we will monitor the development closely. The launch of new customers will take place continuously during 2012.

Several successful games have been lunched during 2011. Frankenstein was developed as part of our collaboration with Universal Studios and during the fourth quarter the development of Scarface was initiated which is one of the most well known brands ever in the movie industry. Two new platinum games were launched during the year, Robin Hood and Jack and the Beanstalk with graphics and a gaming experience which truly proves why Net Entertainment is the leading premium supplier of online games on the market today.

We will continue to invest in our business and organization to secure the opportunities identified by the Company, and to ensure short and long term competitiveness. We are taking another step towards becoming a full scale provider within online casino and it is very exciting to be able to offer our partners a broader product portfolio which strengthens both business and customer value in our strategic delivery responsibility as a supplier. I am convinced that Net Entertainment is well positioned for 2012 and I look forward to another exciting year.

(1), The market share is based on the gross gaming yield with Net Entertainment’s customers in relation to the European online casino market, estimated by H2 Gaming Capital in December 2011.

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New Live Dealers Are the Highlight of Recently Renovated Live Games Casinos

Posted by Gambling News | Casino News | Wednesday 12 January 2011 4:48 pm

Euro Partners Live Games have never been so lively, with an all new team of professional live dealers and revamped gambling facilities!

In a successful effort to bring live casino gambling to people’s homes around the world, select Euro Partners casinos have recently released an all new Live Games casino platform.

The new and improved Titan Casino, Casino Tropez, and Europa Casino Live Casino Games facilities have been fully renovated including improved lighting for increased clarity, better camera angles to better see the live action, and a new overall casino layout (including table positioning) for improved game flow.

The biggest addition to the new Live games casino however is the first-rate casino staff. The Europa Casino, Casino Tropez and Titan Casino live dealers are in a class of their own. With their professional skills and elegant style, these experienced dealers are at the top of their game and some of the best in the gaming industry.

These factors combined work to create a live casino atmosphere, effectively replicating the interactivity and excitement that land-based casinos have to offer.

“Online casino players have always enjoyed playing Live Games,” commented Euro Partners Marketing VP Marc Kenigsberg. “It’s the perfect way to capture the thrill of land-based casino gambling from the comfort of home. Now, we’ve upped the ante and made the experience even better, delivering a higher quality gaming environment and even classier, more attractive, professional live dealers. Online gaming doesn’t get any better than our Live Games casinos.”

While there are plans to add more Live Games in the future, for the time being, the Titan Casino, Europa Casino and Casino Tropez New Live Casino Games are Live Blackjack and Live Roulette. Both of these classic casino games are available around the clock in real-money mode exclusively.

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Win one of 50 Cash Prizes with Online Casino at Bet365

Posted by Gambling News | Casino Bonuses,Casino News | Thursday 20 May 2010 8:56 pm

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Titan Casino raises the stakes on 2009 Champions League

Posted by Gambling News | Casino News,Gambling News | Monday 1 June 2009 4:34 pm

Titan Casino raises the stakes on 2009 Champions League

While Europe remains gripped with curiosity as to who will win this year’s UEFA finals, Titan Casino is offering members a double incentive on the outcome.

It’s been two weeks since the final whistle blew on an extraordinary semi-final match that saw Manchester United defeat Arsenal, 3-1. The finalists, Barcelona and Man Utd, are now preparing for the biggest match of the year to determine who will be Europe’s top football team in 2009.

After United’s defeat of Barcelona in the 2008 Champions League semi-finals, both teams feel they have something to prove. Can Ronaldo help his team win the tournament for the second consecutive year, before his rumoured move to Real Madrid next season, or will Barcelona’s star player, Messi, help lead his team to a revenge victory?

To add to all the football excitement, Titan Casino’s manager, Robin Steele said in a recent press conference, “We’re giving our members a special treat to celebrate the UEFA Champions League final… and we’re creating more winners than just the 11 men on the pitch!”

This treat refers to a live tournament, being held in conjunction with Elite Challenge, the online tournament specialists. From 27-30 May, all members at Titan Casino are eligible to play in the Elite Challenge once they have made a deposit into their casino account.

Prior to Titan Casino’s tournament starting, each casino member will receive an email giving them one of the 2 final teams to support. If their team wins the football final on 27th May, Titan online casino will double their winnings.

About Titan Casino:

With an unrivalled Welcome Bonus of €/£/$4,000, Titan Casino offers new members one of the largest online sign up bonuses. Other enticing features of the online casino include deposit bonuses, Loyalty Program rewards and Comp Points that can be converted into free money. A 24/7 friendly support team are on hand to help with any queries. Titan Casino is powered by Playtech software, the leader in online gaming technology.

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Will live dealers achieve Reality Star status at Europa Casino

Posted by Gambling News | Casino News,Gambling News | Thursday 7 May 2009 1:53 pm

Will live dealers achieve “Reality Star” status at Europa Casino?

Europa Casino recently introduced a team of new online dealers to their live games. Some hope this exposure will open up celebrity career opportunities.

The media is replete with successful celebrities who got their first shots at stardom on “reality” gigs. These include entertainers such as Jade Goody, Jennifer Hudson (plus new fiancée, David Otunga), and most recently Susan Boyle, who rocked Britain’s Got Talent with her captivating rendition of “I Dreamed a Dream”.

As online streaming technology advances, Internet exposure is becoming the next serious platform for affording that lucky somebody a real shot at the limelight.

Europa Casino’s recruitment of new European “live dealers,” has one woman seeing herself one step closer to her own dream of stardom. Twenty-four year old Emily Perkins of England has high expectations from her live dealer stint with Europa. “I know that many prominent people visit Europa Casino and I think that getting my face out there will open the door for my acting career,” Emily shared.

Since originally launching the live dealer service, these games have become extremely popular among the growing online gaming community. When you consider this community numbers in the tens of millions, Perkins’ dream of achieving mass exposure seems a lot less far-fetched.

The live games at Europa Casino offer an interactive gaming experience, with players waited on by live dealers, who deal via the hi-tech video feeds provided by Playtech.

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