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NetPlay TV released their yearly financial results

NetPlay TV, UK’s largest interactive TV gaming company released its financial results for the year that ended in December 31st. The figures for their earnings before interest, taxes, depreciation and amortization increased by twice from £1.32m in 2009 to £2.78m in 2010.

Netplay‘s casino revenues increased by 21.8% to £17.35m when compared to last year and also witnessed 66,000 new casino sign-ups which suggested a 16.8% increase in sign-ups on 2099 which was 56, 500.

Simon French, analyst with Panmure Gordon, said that these results drew “a line in the sand under a very challenging period for the group” because of the replacement of the original CEO and founder Martin Higginson when he decided to quit, so NetPlay had to replace with and Charles Butler was the best bet and is now the current CEO. After some time, a NetPlay formed a partnership with Vegas.com which saw former former COO Guy Templer join Pokerstars as business development director.

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