Online Gambling Press

Playtech Planning New Acquisition

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Playtech is lining up the kind of it called a “significant” acquirement accompanying every affiliated partnership in online stakes, using a certain number of of the £112m it raised in a placing highest month. The software provider to the gambling labor, whose clients hold PartyGaming and Irishman Faculty, besides announced revenues beneficial to the support locality of $42.4m (£ 21m, €27m) up 75% attached the similar proposition ultimate Read the rest of this entry »

Playtech Catching up to Partygaming

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Playtech, the world’s biggest publicly traded online gaming software supplier, saw further strong demand for its casino and poker games in the first quarter. Playtech recorded 14.4 per cent growth in revenues over its monthly average in the fourth quarter of 2007, leaving Mor Weizer, chief executive, confident it would meet expectations for 2008.

On Tuesday, the group said average daily royalties in January 2008 showed 11.7 per cent growth Read the rest of this entry »

Playtech Catching up to PartyGaming?

Posted by admin

Playtech, the world’s biggest publicly traded online gaming software supplier, saw further strong demand for its casino and poker games in the first quarter. The company recorded 14.4% growth in revenues over its monthly average in the fourth quarter of 2007, leaving Mor Weizer, chief executive, confident it would meet expectations for 2008. On Tuesday, the group said average daily royalties in January 2008 showed 11.7% growth over the average in the fourth quarter of 2007 and momentum continued in February.

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Following Revenue Rise, Playtech Optimistic

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Playtech, the world's biggest online casino and poker software firm, said today that it was highly confident about 2008 trading as fourth-quarter revenues jumped substantially. The UK-based, Israeli-run firm said revenues rose 101 percent to $32.7 million (£17 million) when the previous financial year's U.S. revenues were not included.

Playtech, whose poker and casino software is used by sites like Bet365 and Blue Square, has rapidly rebuilt its business with European and Asian online betting sites after the U.S. government effectively banned online gaming in October 2006. Revenues from its core casino games software grew to $22.9 million in the three months to end December and revenue from its fast-growing online poker software rose to $9.4 million.

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