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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.”



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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