Xcapsa Cheered By Solid First Quarter
Published: Sunday, May 14, 2006 Online-Casinos.com
XCAPSA CHEERED BY SOLID FIRST QUARTER
New games and more players reported by recently listed software firm...and watch out for another integrated site
Excapsa maintained the success trend among recently listed online gaming companies this week when it released its first quarter results for 2006, showcasing a healthy 42 percent increase in active real-money players over the same period last year, and launching a fresh suite of games that include updated versions of blackjack.
The results were in line with expectations, and showed a significant increase in net revenue, up 43 percent from Q1 2005, and an increase in 5 percent from Q4 2005.
Excapsa's initial public offering (IPO) on the Alternative Investment Market (AIM) was completed in February 2006, raising GBP 56.2 million.
Jim Ryan, chief executive at Excapsa, said: "We are encouraged by the growth to date in 2006, and revenues for the first quarter were in line with expectations. With much of the foundation building for the corporate infrastructure complete we are focusing on the next phase of our strategic plan, which centres on product enhancements, product development and geographic expansion."
Excapsa is launching single-player blackjack on behalf of licensee eWorld, which operates poker room UltimateBet and UltimatePoker.
Ryan added: "Launching single-player blackjack is the first step in providing our licensee's customers with a full gaming experience by offering multiple gaming products with a shared e-wallet. This is an exciting new path for our network that will allow us to cross-market to a database of more than 388 000 real-money customers." Several versions of blackjack will be launched in 2006.
The common ewallet will allow players to move between the poker and blackjack products with greater ease.
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