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Playtech Q3/2014 Interim Management Statement
Wednesday October 22,2014 : PLAYTECH CONFIDENT IN INTERIM STATEMENT
Says Company will exceed market expectations for the full year
Playtech has delivered its Interim Management Statement for the three months ended September 30, 2014 (Q3/2014) along with a trading update.
The company said it continues its solid footing, with growth in this set of results representing its strongest ever quarterly performance.
Key performance indicators for the third quarter period include:
- Cash and cash equivalents of Euro 402.4 million (30 September 2013: Euro 523.2 million).
- A 33 percent increase in Casino revenues to Euro 62.4 million (Q3/2013: Euro 46.8 million).
- Sport revenues amounted to Euro 7.1 million, up 18.8 percent (Q3/2013: Euro 3.4 million)
- Playtech's bingo product grew 9.5 percent, while poker showed a 3.1 percent growth.
- Total revenues amounted to Euro 116.5 million (Q3/2013: Euro 90.6 million), up 28.6 pecent.
Playtech report a 22 percent increase in daily revenue for the first 21 days of Q4/2014, marginally above the level reported so far this year, and up over 2 percent on Q3/14.
The company highlighted a busy quarter that included the launch of casino and live on SkyBet, Gazzabet Sport for RCS Media in Italy, live for RAY, and the Trinity Mirror white label.
The acquisition of Aristocrat Lotteries and a 33 percent stake in BGO for GBP 10 million strengthens the company's capabilities in the lottery and game development sectors.
Mor Weizer, Playtech's Chief Executive Officer, commented: “The strong growth seen through the first half continued through the third quarter resulting in the strongest-ever quarterly performance, driven by our flagship casino, including mobile and Live, sport betting, land-based revenue and services.
“Looking ahead, the management team is confident of exceeding current market expectations for the full year.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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