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Goodness for Software Provider

To make the generalization that all of the online casino gambling companies are doing well despite the global recession would be a bit of an overgeneralization – many of the companies and gambling sites are feeling the pinch of less revenue other issues. But it is true that, on the whole, the online casinos and related companies are out-performing the rest of the market. The most recent financial results reports delivered from Entraction indication that that company is in a very strong position coming into the 2009 year. The recent announcement and release of information included results from the fourth quarter of the year as well as 2008’s full year results.

Entraction is a Swedish based online casino gambling network that has really gained itself some prestige over the past year as more and more major gambling brands sign up for the Entraction software and gaming network. As far as results go though for the full year, the company has shown a spectacular recovery from some of the losses of the previous year. Basically, after-tax earnings hit SEK 36.5 million – last year the company showed nearly that same figure in losses. An additional improvement showed net turnover of 48 percent – that’s a huge figure for an online casino gambling group that was struggling this same time last year.

As for the fourth quarter results specifically, the Q4 was right in line with previous expectations and along the same lines as the full year – net turnover was high and profits were also soaring for this gambling group.