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PLAYTECH CHAIRMAN PLEASED WITH PROGRESS
Wednesday May 16, 2012 : PLAYTECH CHAIRMAN PLEASED WITH PROGRESS
Chairman Withers has reason to be content...
Addressing shareholders at Wednesday's Playtech plc annual general meeting, chairman of the board Roger Withers said that he was pleased to report another year of growth and progress, with excellent top line performance and strong growth in EBITDA.
"In 2011 gross income increased by 41 percent to Euro 243.6 million and revenues by 46 percent to Euro 207.5 million," Withers noted. "Adjusted EBITDA rose 22 percent to Euro 125.5 million, including the Group's share of profit from William Hill Online," he added.
Withers said that the Board and its advisers are committed to moving to a Premium Listing on the Official List of the London Stock Exchange and preparations continue to progress well. A prospectus will be published and an application made for the move, as soon as possible, he promised.
"Turning to current trading, the strong performance experienced in the first quarter has continued in the six weeks since the end of March. PTTS has outperformed expectations and the Group is preparing for regulated activity in the German and Spanish markets which is anticipated to commence later in the year when licences are granted in Schleswig-Holstein and Spain," the chairman revealed.
Withers said that Playtech's joint venture with William Hillplc - William Hill Online - continues to perform strongly and demonstrates Playtech's ability to forge significant earnings enhancing partnerships with leading gaming businesses around the world.
The chairman paid tribute to the commitment of the executive management team and everyone working for the company, and concluded by saying he believed that Playtech would continue to deliver a strong performance and is well positioned for continued growth.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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