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Poker.co.uk - Poker News Archive

Tuesday 13th November 2007

Playtech Reports ‘Record-Breaking’ Revenues

Isle Of Man-based online gambling software developer and turnkey provider Playtech has announced ‘record-breaking’ financial results for the year’s third quarter.

The report revealed record revenues for the quarter totalling $26.9 million, an increase of 81 percent on last year’s third quarter figure of $14.9 million, along with casino revenues totalling $19.2 million, 51 percent higher than last year’s total of $12.6 million.

The company also announced that poker revenues increased 266 percent from last year’s $2.1 million to $7.5 million with monthly revenues now significantly exceeding those earned prior to its withdrawal from the US market.

Indicative of the pullout, revenues from Asian facing licensees during the period grew by 14 percent from those reported in the second quarter while revenues from European licensees grew by eleven percent to give the company overall growth of eleven percent compared to the second quarter.

'We are delighted with this quarter's record-breaking figures, which clearly demonstrate the growing strength and presence of Playtech within the global gaming sector,' said Mor Weizer, Chief Executive Officer for Playtech.

'The company continues to focus on adding successful and high-profile licensees such as Bet365 and also on growing its market share in Europe and Asia. We are continuing to focus on these growth markets, in particular Asia, which showed a 14 percent increase in revenues from licensees on the second quarter of 2007.

'We expect to see further growth and are confident of meeting our expectations for 2007 and beyond.'

�

Source: OnlineCasinoNews

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