NetEnt on the up for the first quarter in 2017

21 Apr 2017

NetEntFor another time NetEnt shows that has a flowless strategy for its business and this impacts clearly on the revenue that is produced. The Swedish giant published the results of the first quarter in 2017, having an increase in revenue of 15.2% to 398 million Swedish Krone. In other words, they have a 6.3% profit rise in comparison with the same quarter in 2016, while operating margin came to 34.2%. The numbers are huge of course and expectedly, everyone in the Swedish gaming provider seems to be more than happy. We should just also note that the industry supplier noted that a record 15 new customer agreements, which were signed from January to March.

Per Eriksson, who is the Chief Executive in NetEnt, commented: «We continued to deliver on our growth strategy in the first quarter and revenues increased in line with our earlier comments about the quarter. For the first time, NetEnt’s games were launched on the regulated market in Mexico and the company announced that the first game for virtual reality will be developed in 2017. For the rest of 2017, we see conditions for continued solid growth supported by new games, increasing market shares in the UK, mobile growth, many new customers to be launched and our ongoing expansion in North America.».

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »