NetPlay TV Announced 19% Revenue Growth

The interactive gaming company NetPlay TV announced earlier this week that revenues have gone up 19% in the third quarter this year. The increase was attributed to increasing use of mobiles and tablets to play its casino games.

Thanks to an increase in mobile and tablet usage NetPlay TV has enjoyed a 19% increase in revenues.

The company announced that revenues were £6.5 million in the three months to end September, up from £5.4 million for the same period last year. It was reported that mobile and tablet contribution more than doubled and accounted for 40% of all new depositing casino players and 32% of net revenue, up from 14% a year ago.

In the report the company disclosed that new depositing casino players rose 30% to 15,566 from 11,978 a year earlier, a 4% increase on the second quarter. The number of active depositing casino players also grew by 29% to 28,890 up from 22,417 a year earlier, a 2% increase on the second quarter.

Interestingly, the revenue increased despite the hot weather in July which reportedly reduced the total number of players. The company’s shares rose 5% to 17.725p shortly after the announcement.