Casinos.co.uk: Casino News Archive
Friday 25th August 2006
Mid-Year Results Indicate that Playtech Profits are Up
Playtech Limited, an online casino and poker room software developer and provider, has followed a profitable second quarter with equally encouraging half-year results showing a 139 per cent overall increase in revenues in the six months ended June 30 2006.
The London listed and Cyprus registered company reported financial highlights of a 129 percent increase in online casino revenues to $40.4 million, with poker revenues up a stunning 851 percent to $4.8 million.
The company now has a total of 42 active licensees operating 137 sites, indicating an increase of 22 new gaming sites since the beginning of the year.
Results also show a decrease in revenue from United States sources as the group continues to diversify in a global sense and accordingly, chief executive Avigur Zmora says that Playtech is ideally placed to take full advantage of the growth being enjoyed by global gambling markets.
'Geographical diversification through the addition of quality licensees, coupled with our new product pipeline, will allow us to offer an enhanced and more complete solution to our licensees and their customers,' he said. “I look forward to the second half of the year with confidence.”
Source:OnlineCasinoNews
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