2008 Revenues Climb 70 Percent - 27th March 2009
Playtech, a leading global designer,
developer and licensor of software for the online
and mobile gaming industries, has announced its
audited full-year results showing a 70 percent
increase in total revenues to €111.5 million.
Isle of Man-based firm revealed that casino revenues
improved 68 percent from €47.4 million for
the year before to €79.4 million while those
from poker grew 73 percent to €30.1 million
from €17.4 million.
off the good news for Playtech while many others
in the industry struggle, net profits increased
55 percent to €40.7 million resulting in
a net profit margin of 37 percent, which was slightly
down on 2007’s 40 percent.
also reported an encouraging start to 2009 with
daily average revenues for the first eleven weeks
up 2.3 percent compared to the final quarter of
2008. In addition, revenues from its software
licensing deal with William Hill that created
William Hill Online were approximately 40 percent
greater for the first eight weeks of 2009 than
those generated by former customers over the final
period of last year.
continues to perform extremely well, delivering
healthy growth for shareholders and meeting management's
demanding expectations,” said Roger Withers,
Non-Executive Chairman for Playtech.
landmark agreement with William Hill Online is
on course to offer significant benefits to the
company's earnings in 2009 and further strengthens
strategy to focus on growing its presence in regulated
markets has enabled the group to enter Italy,
signing-up four leading Italian licensees in the
process, and we expect to announce further developments
in this regard.
successful share placing in June of 2008 demonstrated
the faith investors have in the company and its
management. Despite the difficult macroeconomic
outlook for 2009, I am confident that the group
will successfully navigate these challenges. As
a result, the board is highly confident of its
prospects for 2009 and beyond.'
Hill Casino Club