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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 :

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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