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Playtech 2008 full year Report
The chairman of online gambling software provider Playtech plc, Roger Withers, reported on the company's progress to investors at the annual general meeting this week, flagging a financial performance for the year ended 31 December 2008 that showed significant growth as revenues rose by 70 percent to Euro 111.5 million, whilst adjusted net profit before tax rose by 54 percent to Euro 40.5 million. The Board recommended the payment of a final dividend of Euro 7.6 cents per share, which follows an interim dividend payment of Euro 7.6 cents per share, making a total dividend of Euro 15.2 cents per share.
Withers noted that the group's most significant achievement during the year was the successful completion of a private placement in June 2008, which raised GBP 112 million and underlined the confidence of investors in the company. The proceeds were used to undertake a transformational transaction with William Hill Online, which involved Playtech's acquisition of certain online gaming marketing assets, businesses and contracts from affiliates and other third parties for a total consideration of up to $250 million in cash and the immediate injection of those assets into a new joint venture with William Hill in return for a 29 percent interest in William Hill Online.
During the year, Playtech's enteded the newly regulated Italian market. Four of the group's 16 new licensees were derived from this major development, and regulated markets remain an important target for Playtech's expansionary ambitions in 2009.
Withers announced quarter one reslts (see below), saying that the venture with William Hill Online is performing well and in line with expectations. Current trading for April 2009 was positive, where on an average daily basis, gross income improved by over 5 percent compared with the daily average over the whole of Q1 2009.
"The Company maintains a strong pipeline of new licensees in various jurisdictions, with a strong focus on regulated markets, presenting exciting new business opportunities ahead in 2009," said Withers. "Despite the challenging economic environment, the board remains comfortable with market expectations for the full year."
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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