Playtech Revenues Rise Again

Playtech is one of the world’s leading providers of casino software solutions and the company is boasting excellent third quarter revenues which will help it keep its place at the top. The company has seen increases in almost all of its gambling revenues. Overall, the company has had a 30% rise in revenue totaling more than €61 million.

Playtech has seen substantial growth in its casino revenues which are up 33% and brought in €38.5 million. Bingo revenues have grown by nearly 17% and earned the company €4.4 million. The company has seen a monstrous increase in revenue from its Asian operations which are up 91% and brought in just over €23 million. The company relies heavily on its revenues from Europe but during this 3rd quarter Europe‘s revenues only made up 65% of all of the company’s revenue as opposed to the 73% it brought in during this year’s 2nd quarter. This isn’t to say that European revenues are down. In fact, they are up 13% but it is due to the companies additional overseas interests like Asia that has really impacted Playtech's revenues.

The joint venture between Playtech and casino giant William Hill called William Hill Online (WHO) has also been profitable. When compared year-on-year, WHO has grown 50% and has brought in almost €13 million.

Playtech’s CEO, Mor Weizer, is quite proud of the company’s overall growth and is continually looking towards the future and even success. In a statement, Weizer said, “Encouraging progress had been made with significant licensee launches, new mobile solutions including the unique mobile hub and mobile bingo application.