Casino Software Provider Released its Financial Figures

3 May 2012 – By Linda Jefferson

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Playtech is one of the most important online casino software providers in the gambling world. Recently, the company released its key financial figures for the first quarter of 2012. In comparison with Q4 of 2011, the new figures show an increase in performance for Playtech. Thereby, total revenues went up 8% to €75.1 million and the gross income went up 13% to €88.4 million. The online casino sector also recorded growing figures: online casino revenues went up 5% to €34.5 million, online bingo revenues went up 6% to €4.4 million but online poker revenues went down 3% to €5.3 million. Playtech’s management is excited also because services revenues went up 11% to €25.7 million and Playtech’s share of profit in William Hill Online went up 51% to €13.3 million.

Compared with the first quarter of 2011, the increase is phenomenal in most sectors. 2011 was a great year for the online casino software developer. The company’s representatives stated that the performance in the first 31 days of the second quarter of 2012 is much better compared to the first quarter. In order to preserve its growth, Playtech must continue the projects the software provider is involved in. Germany is a very important point of interest for Playtech. The developer will partner with Merkur Interactive GmbH in order to focus on internet gaming operations on the German market. Bet365, Betsson, Sportingbet and Unibet, which represent Playtech licensed online casinos, have all been launched on the newly regulated Danish market. Besides that, once the new regulations in Spain go into effect in the second half of this year, the company will launch several licenses for this market.

Slot enthusiasts will get a chance to play new fantastic slots as Playtech has signed an agreement with Freemantle to launch branded online slots based on reality shows like Britain’s Got Talent and The X Factor. In the quarterly statement the company reconfirmed the software licensing agreement with Caliente, Mexico’s largest land-based gaming operator. Also, the statement said Playtech will enter into the social gaming arena, a move that will aid the company’s growth in the future.

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