I-gaming giant Net Entertainment surpassed all financial expectations and reached a 12.6% revenue increase during the 2^nd quarter of 2013, making them the most profitable casino software developer two years in a row.

The company’s latest Interim report for the Jan-Jun 2013 period highlights:

• Revenues for the second quarter of 2013 rose from SEK 132.0 m up to SEK 148.7 m.
• Operating profits amounted for SEK 38.7 m.
• Earnings per share increased by 5%.

Setting a new gaming agenda

NetEnt is facing fierce competition from the likes of IGT, Sheriff Gaming and Microgaming, who nowadays represent the pinnacle of video slot software development in the world. Net Entertainment’s CEO Per Eriksson commented on the company’s financial results and expansion plans:

Again, Net Entertainment showed double digit growth in the second quarter despite the low season that normally starts in May. We have a solid sales pipeline in Great Britain as well as in other parts of Europe and overall our position is strong on the market and I look forward to the second half of 2013.

During these last three months, Net Entertainment has signed up six new casino licensees, 12 of their casino partners have launched mobile content from NetEnt’s Touch™ platform, and three additional licensees have added NetEnt’s live casino to their gaming system, making it one of the most profitable and growth-driven years for this software provider.

The company will soon launch their upcoming video slots Magic Portals and South Park in July and September this year respectively with their largest online partners, like Betsafe, Euroslots and Mr Green Casino.

According to Eriksson, the table game segment is also on the rise, out of which the launch of Common Draw Blackjack is expected to take place during the third quarter followed by standard blackjack which also is an important part in Net Entertainment’s Live Casino portfolio.

The NetEnt team has effectively grown towards new online markets, such as the Italian one, while new licensees like Lottomatica (one of Italy’s online gambling leaders) have signed up to integrate NetEnt’s video slots, table games and live casino content to their platform.