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Internet gambling software development group Playtech plc has released a trading update covering the three months ened June 30 2010.
Financial highlights in the report include:
* Gross income for the quarter totalled Euro 44.5 million, up 34 percent on Q2/09 and 2 percent ahead of Q1/10
* Total revenues up 32% on Q2/09 and 2% on Q1/10 to €36.8 million
* Casino revenues up 34 percent on Q2/09 to Euro 24.9 million, 3 percent higher than Q1/10
* Poker revenues down 13 percent on Q2/09 to Euro 7.3 million and 15 percent lower than Q2/10, owing to the impact of the Football World Cup and 'slow' summer seasonality effect
* Bingo revenues totalled Euro 2.8 million, 61 percent up on Q1/10, reflecting increasing the contribution from recently acquired Virtue Fusion
* Share of profit in William Hill Online of Euro 7.6 million, up 43 percent on Q2/09 and up 4 percent from Q1/10
* H1 2010 EBITDA expected to be not less than  Euro 53 million.
Management reports that daily activity for first the 26 days of Q3/10 is more than 10 percent ahead of Q3/09 on an absolute basis and more than 20 percent ahead of Q3/09 on a like for like basis, excluding France.
Activity declined by 12 percent compared to Q2/10 on the same like for like basis reflecting the combined impact of the closing stages of the football World Cup and normal seasonal slowdown. On an absolute basis, including France, Q3/10 is 19 percent below the daily average of the previous quarter.
Recent initiatives include the launch of a new Italian bingo network with SNAI and Eurobet, two of Italy's leading gaming companies, which will be joined by additional members in the near future.
Operational highlights include:
* Italian Bingo commenced with Sisal which gained 18 percent market share in May. 
* The company won the contract for Finland's RAY in May, and launch preparations are reportedly going well for a launch in Q4
* Playtech launched its dedicated French poker network launched with a number of well-established local operators, and it is anticipated that further licensees will join in Q3.
* Recent acquisitions Virtue Fusion and GTS are performing ahead of expectations after a good Football World Cup, with new licensees and games launched
* The Videobet UK roll-out is on track with large shop-tests progressing well.
Commenting on the key performance indicators, Playtech's chief executive, Mor Weizer, said: "The second quarter's performance continues our strong start for the year and provides a solid base for the full year. Operationally we are well positioned with significant licensee wins such as RAY in Finland and the launch of our new Italian bingo and French poker networks bringing a broad range of well recognised local operators. 
"I am pleased by the continuing growth of Virtue Fusion and GTS and together they will help to mitigate the closure of the French casino market which will be felt in the second half of the year." 
"The decline in current trading is in line with our expectations with sportsbook operators focusing on World Cup betting during the period, and is not anticipated to be a useful indicator of performance throughout Q3. We continue to see significant growth opportunities over the near and medium term."

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

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Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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