NetPlay Continues Growth, Signs Two Year Agreement With ITV

0
349

Recently we reported on the future of UK’s largest interactive TV gaming company, NetplayTV, their future in interactive TV Gaming was looking bright and it seems they continue to shine as they have signed a two year agreement with ITV to broadcast Jackpot247 which will be shown for two hours, four nights a week. ITV is biggest commercial television network in the UK.

Charles Butler, CEO of NetPlayTV, said, “We have worked closely with the team at ITV over the last two years to optimize the show, and to sign for a further two years is a significant and exciting development. The format of a dedicated gaming schedule has proved to be a success, and we look forward to working with ITV and seeing the benefits of this renewed relationship going forward.”

William van Rest, Director of Commerce & Ventures at ITV, comments, “As a key launch partner on ITV1’s teleshopping initiative in 2010 we are delighted to renew our relationship with NetPlayTV and their Jackpot 247 product, and we are looking forward to building on the success of our night time output.”

NetPlay also announced its preliminary results for the year end, December 2011,

12.4% increase in Group revenue to £22.3m (2010: £19.8m)
18.6% increase in Casino Revenue to £20.6m (2010: £17.4m)
EBITDA* from continuing operations £3.4m (2010: negative EBITDA of £2.8m)
Profit before tax £0.6m (2010: Loss before tax of £14.2m)
Operational cash flow of £2.5m (2010: negative £3.8m)

Charles Butler, also shared his comments in regards to the preliminary results,

“We are very proud of the significant strategic and commercial progress made over the past year, and the robust results announced today illustrate the strength of the Company’s live TV casino proposition.

“We are confident in the opportunities for growth available in the existing UK markets through a combination of strong customer acquisition and product development, whilst also pursuing quality international expansion opportunities. We will continue to leverage our strong broadcaster relationships to drive growth and in turn create long term shareholder value.

“We are looking forward to 2012 with confidence and expect to continue to build on the positive momentum and successful results of 2011.”

Reported by Maggie B.

LEAVE A REPLY

Please enter your comment!
Please enter your name here