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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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Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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