Net Entertainment Publish Positive Quarterly Report
On Wednesday the 23rd of April, Net Entertainment published their first quarterly report for 2014. The report confirmed what we expected at Casino Slots, and that is that they are already having a great year.
I am convinced that we will see a continued eventful year in the form of new markets, new customer agreements and new products for the company.
Per Eriksson, president and CEO of Net Entertainment
Between January and March 2014, Net Entertainment increased their revenue by 26.7% to $148.8 Million. This led to them making an operating profit of $41 million, which after tax amounts to a staggering $33.8 Million.
How did they do it? Net Entertainment didn’t just release some great video slot games onto their software program, as they also launched two new online casino sites and signed four new licensing agreement contracts.
Their mobile casino and live casino packages have also proved popular this year, with ten new casino sites now offering their mobile platform and four additional new sites now have their full catalogue of live casino games.
They have also had multiple different online casino sites sign a contract to have both these features go live at their site over the next couple of months.
