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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 :
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Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
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2 New Slots For Microgaming Casinos -
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MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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