Solid Fiscal Report for Playtech Online Gambling Software
The online gambling software firm Playtech has again outperformed many other firms this quarter even though the odds were against them. Playtech withdrew from the French jurisdiction recently which some analysts considered a good move. Revenues for Playtech in the first half of the year rose by an astounding eighteen percent to €76.3m not taking into account the French market exit. A gross ie increase of nineteen percent was realized bring that figure up to €95m and even if you include the withdrawal gross ie rose by 8% with revenues up by 5%.
Non-executive chairman for Playtech, Roger Withers, said, “Playtech has continued to make strong progress in an uncertain market, winning new licensees, exploiting opportunities in existing and soon to be regulated markets and identifying valuable acquisitions which will add to the Group’s offering.” Withers continued, “Despite theplexity and uncertainty of moves towards regulation in Europe and the US, Playtech has positioned itself, both independently and through its joint ventures, to benefit from the continued growth of the online gaming market. As more jurisdictions move towards regulation, Playtech is able to offer new and existing operators a market leading suite of products and services, helping them to navigate theplexities of changing regulatory environments. With a strong pipeline of new opportunities and the continued development of our offering, we look to the second half and beyond with optimism and are excited about the future as Playtech is increasingly consolidating its position as the supplier of choice for technology and services for the worldwide online gaming industry.”
There is confidence that thepany will be able to meet their goals this year with the second half off to a good start considering the daily revenues for the licensing and sale of online gambling software created by the firm was up over twenty three percent over last year at this time. Chief Executive Officer Mor Weizer did notment on Playtech’s acquisition plans.
