NetPlay sees FY ahead of forecasts

Interactive gaming company NetPlay said its full year results are expected to be ahead of market expectations following a robust final quarter.

The group reported a 51% increase in new depositing casino players to 13,974 from the same quarter a year earlier and up 17% on the previous quarter.

Mobile and tablets, which account for 31% of all new depositing players, rose 8% from the final quarter in 2011 and 25% in the third quarter of 2012.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

NetPlay also posted a 43% increase in active depositing casino players to 25,376 and a 13% increase on the third quarter of 2012.

"Mobile and tablet growth has continued to excel and the addition of a suite of mobile slot games in September has significantly improved the customer experience," the group said in a company statement.

"The latest TV adverts for both our Supercasino.com and Jackpot247.com brands focus on the ability to play via mobile and tablets and the effect is clearly visible with 31% of all new depositing players now signing up via mobile and tablets and 205% growth in mobile and tablet revenue versus Q4 2011," it added.

"The directors are pleased with this continued strong performance and are confident of exceeding full year market expectations."

CJ