| Top > News > 2005 > November > 15 Nov 2005 |
Online Casino Payment Service Reports Growth |
| This is the time of year when online casino sites publish their third quarter revenue figures. The third quarter in the fiscal year refers to the months July through September. Online casinos are aiming to show growth in profits in comparison to the last quarter or to the same period last year. Online casino sites that have gone public on the stock exchange can receive quite a boost as a result of a strong performance that can jack up the value of their stock. Not only online casino companies are in the habit of releasing 3rd quarter numbers. For those of you that don’t know, Neteller is regarded as one the most popular payment method available on the online casino market. Neteller provides online casino players with both withdrawal and deposit services. The company has recently published their numbers for this quarter which indicates a substantial growth in proceeds. Neteller overall profits have risen form $12.8 in the corresponding quarter last year to $26.3 million this year, which adds up to a whopping 105% increase in revenues. So far this year, Neteller has pocketed more than $44.9 million in comparison to $22 million the same time last year, marking a 104% increase. Chief executive of the online casino payment service Gord Herman explains, “The third quarter is traditionally strong and we have seen excellent growth across all areas of the business on a year-to-date basis. We look forward to the final quarter of 2005 with confidence and expect to demonstrate continued progress”. |
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