Profit Rise Reported by Online Casino

Net Entertainment, an online gambling software developer, has shown a net increase in their third quarter figures. The increase reflects 30 percent profit in sales, with after-tax profits being up 73 percent. That, along with having five new Casino Module licenses in the third quarter, from the 13 new licensing agreements that had been signed in 2007.

'During the third quarter, our sales increased nine percent compared to the previous quarter,' said Johan Ohman, Chief Executive Officer for Net Entertainment.

The company stated that sales show $5.09 million, which is noticeably up from the $3.74 million shown for the same time period in 2006.

'The growth is driven by a strong product that is well received by the end user, combined with favorable external factors such as a relatively early autumn, which has positively affected gaming activity."

Ohman feels that with the online gaming market constantly changing along with a rise of new market and player segments, this will certainly contribute greatly to the industry's continued growth.

Net Entertainment continues to make sure their product development always meets the change in demand. They feel this furthers their strength competitively, as well as increasing the demand for Net Entertainment products.