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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.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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