Netplay TV ahead of expectations

Shares in NetPlay TV, the interactive gaming company, rose on news of a strong fourth quarter performance.

The firm saw a 27.2% year-on-year increase in new depositing casino players, from 7,278 to 9,261, while active depositing casino players grew 21.7% from 14,608 to to 17,783.

Full year results expected to be ahead of market expectations.

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

In a statement the firm said: "The company's Q4 [fourth quarter] key performance indicators (KPI) are ahead of the same period in 2010. Whilst Q4 is traditionally a strong period within the industry, following an exceptional December, the directors' are anticipating that the company's full year results will be ahead of market expectations.

"The company has adjusted its reported KPIs in Q4 to focus on depositing casino players as the directors believe these KPI's better explain the performance of the business and are a more accurate reflection of underlying revenue growth.

"We look forward to the coming year with confidence."

The firm also announced the launch of live roulette on Supercasino.com for iPad and said it will be launching further games for iPhone and tablet throughout the first half of 2012.

The share price rose 7.14% to 9.38p by 12:39.

NR