Casino software group NetEnt has posted their interim financial report for the first half of 2019, with the group reporting that revenues slipped, largely due to issues in Sweden.
Key financial indicators for the first half ending June 30th, 2019 were:
Despite the lower revenues, NetEnt CEO Therese Hillman was optimistic, noting: "Now we take the next step in developing our technical platform as we are creating an open platform with new types of functionality and aggregation of third-party content for operators, services that will be launched on a broader scale during 2020. The transformation of live casino continues at full speed and we added several new functions during the quarter to make our product more competitive. The customer response is positive, and we expect growth in the coming quarters from this segment, but it will take a few more quarters before we can see more meaningful revenues.
"The industry is going through significant changes, and we see opportunities to strengthen our position in all our markets. Through our strategy to invest in increased game production, a technical platform featuring more functionality, and live casino - supported by our brand, global distribution and customer relations - we have the right basis to defend, and over the longer term increase our market shares."