Net Entertainment N.E. A.B. had good news to tell investors this week -- its revenues rose 44 percent during the first six months and second-quarter results showed an after-tax rise of 61 percent.
The Sweden-based makers of CasinoModule, CasinoCafe and Turkish Poker reported second-quarter revenues of 48 million Swedish kronor. The successful period comes after eight new license agreements for CasinoModule were signed.
“Our efforts to address new market segments and Tier 1 operators have proven highly productive -- largely due to our strong, competitive product portfolio," said Johan Öhman, chief executive of Net Entertainment, in a prepared statement.
“Development activities have progressed well, and the product launch is scheduled for the third quarter," he continued. "A more generous product portfolio will enable the company to target a broader market, which is why we have also accelerated the development of soft games, a product that is closely related to casino games."