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Good Year for Playtech Gambling Brand

5/27/10 - Addressing the company's annual general meeting in London today (Thursday), Playtech plc chairman, Roger Withers, said he was delighted to report another year of growth and progress by the company.
 
"In 2009 the company saw gross income rise by 23 percent to Euro 137.3 million and revenues by 3 percent to Euro 114.8 million," Withers revealed, commenting that the strong growth drivers behind Playtech's business has helped deliver a 25 percent increase in adjusted EBITDA to Euro 93.7 million, including the group's share of profit before amortization from William Hill Online.
 
Given this strong financial performance, the Board has recommended a final dividend payment of 9.4 cents, giving investors a total dividend for the year of 18.3 Euro cents per share, he added.
 
Withers said that Playtech believes the future of online gaming lies in regulated markets and has positioned itself accordingly.
 
"Many of our new licensees operate in regulated markets where we believe significant long term growth opportunities exist for the group," the chairman said. "Furthermore the increasing perception of online gaming as a mainstream entertainment format looks set to open new geographical and strategic markets.
 
"As Governments explore expanded gaming opportunities it is the incumbent lottery operator which is in a strong position to benefit from any new regulation, or may even be the sole provider permitted under such regulations. We see excellent prospects for working with government monopolies and lottery providers as their markets open up for online gaming," he said, adding that through Sciplay, Playtech's exclusive joint venture with Scientific Gaming, the company believes it will be able to capitalise on some of the most exciting opportunities in this segment.
 
Withers also addressed the industry trend to consolidation, commenting: "We have played an active part in the industry's consolidation, acquiring the games platform developer Gaming Technology Solutions Limited ('GTS') in December 2009 and the leading Bingo network provider, Virtue Fusion after the year end in February 2010. Through these deals Playtech has enhanced its position as the world's leading B2B provider in online gaming.
 
"With an established reputation, a long track record of success and key strategic partnerships, Playtech is well placed to take advantage of these opportunities. A focus on development and innovation enables our product suite to continually evolve, offering cutting-edge gaming solutions to both existing and new operators."
 
The chairman went on to thank the company's employees and management for their determination and dynamism throughout 2009, which marked the company's tenth year in the business.
 
Turning to current trading, Withers said that performance has continued to improve through the first quarter, with positive player activity throughout the first six weeks of the second quarter.
 
"While the new regulations in France will affect certain of our licensees and reduce activity in the second half, the company has positioned itself to capitalise on the new opportunities to grow revenues both here and in other markets, as has been evidenced by the announcement last week of the contract for the Finnish state operator, RAY," he concluded.



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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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