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PLAYTECH REPORTS ROBUST PERFORMANCE IN Q4/2010

Posted 1/24/11 : The company looks forward to 2011 with confidence as another year of significant development
 
Isle of Man-based gaming software developer and licensor Playtech delivered its key performance indicators for the fourth quarter ending 31 December 2010.
 
 
Financial highlights:
 
-  Gross income up 26 percent to Euro 173.1 million for the 12 months to 31 December 2010, (2009: Euro 137.3 million)
 
-  Gross income for Q4/2010 up 14 percent to Euro 43.9 million, (Q4/2009: Euro 38.5 million) reflecting strong growth in activity and an encouraging performance across all product groups
 
-  Total revenues for the 12 months to 31 December 2010 up 24 percent to Euro 142.3 million, (2009: Euro 114.8 million)
 
-  Total revenues during Q4/2010 up 21 percent to Euro 36.9 million, (Q4/2009: Euro 30.4 million) and 13 percent higher than the Euro 32.5 million achieved in Q3/2010
 
-  Quarter-on-quarter revenue performance: Casino revenues up 20 percent to Euro 25.9 million, Poker revenues up 3 percent to Euro 5.9 million and Bingo revenues up 9 percent to Euro 3.3 million
 
-  Share of profit from William Hill Online (WHO) up 37 percent to Euro 30.8 million for the full year (2009: Euro 22.5 million), including Euro 7.0 million in Q4/2010
 
-  Cash balances at 31 December 2010 in excess of Euro 68 million, before payment of final consideration in relation to WHO of Euro 15.1 million
 
 
Trading update:
 
The company reported daily activity in the first three weeks of January 2011 is over 11 percent ahead of January 2010 and over 1 percent above the average of Q4/2010, with all products performing positively.
 
 
Operational highlights:
 
-  RAY (Finnish poker and casino), successfully launched 29 November, achieved 60,000 registered players by 21st December 2010
 
-  Further licensees launched in Q4/2010 included: Unibet (bingo) and Codere (Italian bingo)
 
-  Additional product launches for existing licensees included: bet365 (games tab content) and Titan (French poker); Tain (Casino) due shortly.  Discussions on additional products with various existing licensees underway
 
-  New license agreements announced for regulated markets included: Buongiorno (Italian casino) and Nordic Bet (bingo)
 
-  Videobet FOBT roll-out progressing well in UK, moving to mass deployment phase
 
 
Playtech Chief Executive, Mor Weizer commented:
 
"Playtech's business has increased in all areas, delivering a very robust fourth quarter performance. Growth from our existing business, when combined with the new licensees either just launched, or due to launch shortly, gives us a solid platform for 2011. As a result, the Board is comfortable with market expectations for the year ended 31 December 2010 and looks forward to 2011 with confidence as another year of significant development.
 
Today we have also announced the acquisition of IGS, (see previous InfoPowa reports) a developer of casino management systems for an initial GBP 2.5 million cash consideration. We see this deal as furthering what is already Playtech's unique competitive advantage and cross platform capabilities as the trend of convergence of land based and online segments continues".



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NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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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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