While NetEntertainment is one of the lesser-known online slots developer in the gaming market, the company is working hard to establish itself as a competitor for renowned operators like Microgaming and PlayTech. Now, it seems that NetEntertainment is finally making some progress, after a report shows that the company has hit it all-time high for profits.
Over the course of the first six months of 2012, NetEntertainment saw some impressive growth. From January to June 2012, the company brought in $40 million, much more than it has seen in previous years. To put things in perspective, the company generated just $11 million from January to June 2011. Seeing nearly $30 million in growth over the course of one year is no small feat –even for an online casino developer.
The reason behind this impressive growth is due to the number of new partnerships that NetEntertainment has started. During the first six months of the year, the company signed with ten new licensees, which certainly helped to boost profits from January to June. The company also eliminated professional redundancies, helping to boost the amount of money NetEntertainment would earn from its new licensing agreements.