NetEnt operating profit up for Q3

nt’s operating profit increased 44% year-on-year to SEK 105.3m for the third quarter of 2015.

Profit after tax for the provider was SEK 97.6m, an upturn of 45%, while revenues went up 29% to SEK 279.8m.

Operating margin was 38%, in comparison with 34%, and earnings per share improved from SEK 1.69 to SEK 2.44.

Nine licence agreements were signed with new customers and six new customer casinos were launched.

NetEnt officially entered the New Jersey online gambling market in September as Borgata Hotel Casino & Spa’s online casino began using NetEnt games, following the granting of a transactional waiver to NetEnt from the New Jersey Division of Gaming Enforcement in June to operate its games in the state via Borgata and BwinParty.

BwinParty is partnered with Borgata to operate in New Jersey and it was announced earlier this month that BwinParty’s online casino in New Jersey is also using a selection of NetEnt’s games.

NetEnt’s full licence application to operate in New Jersey is still under review, but the transactional waiver has allowed it to launch in New Jersey in the meantime.

Per Eriksson, NetEnt CEO, said: “We are now also awaiting transactional waivers to go live with Caesars Interactive and Golden Nugget.”