Expansion Strategies Result in Net Entertainment Seeing Revenue Boosts
Online gaming developer Net Entertainment has referred to their expansion strategies as being responsible for its year over year growth success for the first three months of this year. From January 1 until March 31 2015 the company’s first quarter grossed SEK258.3 million which is ends up being a 37.1% increase compared to last year’s revenues. Net Entertainment also acquired 11 new license agreements, that include Danske Spil in Denmark, Codere in Spain and Gamesys in the UK. With seven customer casino’s, content games deal launched with the Rational Group followed by local licenses obtained within the UK.
Chief Executive Officer and President, Eriksson commented that, “We have made a very strong start to 2015, reaching new record levels for both revenues and profits. Our innovative gaming solutions as well as our strong expansion on new and existing markets are among the reasons for the high growth and good profits. We are constantly developing our offering to be at the forefront in terms of technology, innovation and quality.”
He continued by adding, “As of the second quarter of 2015 all newly released games – for both desktop and mobile – will have been developed in HTML5, which is expected to bring some synergies going forward. I look forward to the rest of 2015. We have strong momentum – our customer offering is world-leading and we are well prepared to seize new business opportunities on the growing digital casino market.”