Impending regulatory change has helped shares in online gaming company NetPlay TV (NPT) to fall to a 12-month low. Indeed, former chief executive Charles Butler - who has assumed the role of chairman with immediate effect - hopes the legal challenge mounted by the Gibraltar Betting and Gaming Association against the incoming Gambling (Licensing and Advertising) Act gains "some traction". He reckons "even just delaying" the new legislation would be "positive for the industry".
Trading has, however, been good. At the half-year stage the number of new depositing players grew 24 per cent to 40,585 and the total number of active depositing players rose 29 per cent to 62,356. Moreover, from the new customer registrations in the period, almost half signed up through a mobile or tablet device, which in turn generated 36 per cent of total revenues.