Online Casinos

Neovia disclosed their business viewpoint

The investors of a company are really concerned about financial results as compared to the consumers of the products. Though, the financial results are escorted with quality details which allow the products users to learn about company’s future plans. Neovia who is a popular company and owns e-wallet Neteller, has disclosed their half-yearly results along with business viewpoint. These results are for half year concluded June 30, 2009.

Important information for the online players is that the numbers of e-wallet users in the first quarter has risen by three percent from 92,755 to 95,490 in the second quarter. However, the profits of Neteller have come down by eight percent. Supposing that these results correspond to the industry, this means that the online players are wagering less than before. Details about the new product expansion were also included in the half yearly results and Send Money services were launched.

This service was mainly meant for the commercial community which makes use of Neovia for remitting the withdrawals to the players. Neovia made a statement that they have received appreciation from the various online casinos. Right now it is running along with an existing platform but by early 2010 it will be migrated fully to the Newteller platform. Dale Jonson who is the Chairman of Neovia said that as expected the Newteller platform will be launched in early 2010 which will be ready to face various market demands.

In the half yearly statements two new landmarks were also included. One was the conclusion of inquiry by American Department of Justice and giving a copy of Notice of Dismissal of Complaint framed against Neteller. Second was the appointment of Mark Mayhew, who will take the charge as new President and CEO from 1st September, 2009. Mark said that he will be working hard towards the development of profits.

Making a comment on the results Dale said that seeing the market conditions the results are according to the management anticipation. He also added that in the second half of the year the conditions will become worse. Company’s main concentration will be towards managing the costs and maintaining cash. Dale added that he has high expectations that the company will deliver good performance in the year 2010.