Casinos.co.uk: Casino News Archive
Thursday 24th August 2006
Playtech Ltd Announce Interim Results
Playtech Ltd has announced its interim results for the six months ending June 30 this year, revealing an increase in both casino and poker revenues and a total revenue increase of 139%.
The financial highlights see a 129% increase in casino revenue to $40.4 million, with poker revenues up 851% to $4.8 million. This accounts for a total revenue increase of 139% to $46.2 million, compared to its 2005 equivalent of £19.3 million, and an adjusted net profit increase of 172% to $37.3.
Operational highlights include the addition of seven new licences this year, three being through the migration of active sites with Asian and European players, and the development of its mobile and Videobet gaming platforms. Playtech has also initiated a long-term recruitment programme, with the installation of a Playtech Academy in Estonia and a new development centre in Bulgaria.
Playtech Chief Executive Avigur Zmora, commented: “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. As a result of our various initiatives, the global markets, in which we hold strong positions and the continued growth being enjoyed by the online gaming market worldwide, I look forward to the second half of the year with confidence.”
Source:OnlineCasinoNews
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