NetplayTV Interim Results Reveal Growing Loss

8 October 2009, Staff writer

Netplay TV Plc, have been very busy in the last 12 months expanding distribution channels for their live TV casino product.  But as yet these efforts are yet to take operating results into the black.

They reported their interim profits for the first 6 months of 2009 this week and revealed a material period on period loss increase to £3.2 million (compared with £134,000 last year).  Expenses were up and gross profit from operations (ie net player gaming losses) was down 27% to £2.2 million.

But it wasn't all doom and gloom for Netplay.  Their recent efforts to expand televised coverage of their live for TV casino games are showing encouraging signs, with total handle or turnover from operations reaching £204 million - an impressive 31% increase on the corresponding period last year.  The company's Supercasino brand took bets of £43 million in August for a record monthly gross profit of £750,000.

Supercasino has for some time been broadcast on Freeview, SKY and FreeSat.  Recent deals with Virgin Media, Channel Five and Scotland’s STV Group, have seen its potential viewer/player base increase markedly in the last year and this is starting to be reflected in turnover numbers.  The STV distribution deal alone gives Supercasino access to almost a million subscribers throughout Scotland.

Upbeat about future prospects, Chairman Clive Jones announced that "NetPlayTV has successfully managed to transform itself from a small gaming business into a respected interactive media business".  He went on to say that, "In signing new deals with some of the world’s largest media businesses, it has clearly established itself as a serious player in the interactive television marketplace."

About NetPlay
NetPlay TV Plc. are a UK AIM listed interactive TV gaming company with a portfolio of gaming products including Supercasino.com, EuroTelemilions.com, Bingos.com,  Challengejackpot.com.