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Good First Quarter Earnings For Playtech

5/5/10 - Investors in the online gambling software provider Playtech will be encouraged by the release of a sterling set of first quarter 2010 results from the company this week.
 
Key Performance Indicators show a strong Q1 performance that appears to be extending into the second quarter.
 
Financial highlights highlights included:
 
* Gross Q1 2010 income totalled Euros 43.4 million, up 29 percent on Q1/2009 and 13 percent ahead of Q4/2009
 
* Total revenues rose 25 percent on Q1/2009 and 19 percent on Q4/2009 to Euros 36.1 million.
 
* Total revenues excluding Virtue Fusion were up 9 percent on Q4/2009
 
Revenues by product showed that online casino revenues grew by 27 percent over Q1/2010 to reach Euros 24.2 million – an increase of 17 percent over revenues in Q4/2009
 
Poker revenues declined by 4 percent compared to Q1/2009 to Euros 8.5 million but showed a slight 2 percent improvement on the Q4/2009 numbers.
 
Bingo revenues in the quarter reached Euros 1.7 million, reflecting the first contribution from February's acquisition of Virtue Fusion, which also contributed revenue to the online casino and other revenue streams.
 
Share of profit in William Hill Online was up 49 percent to Euros 7.4 million compared with Q1/2009, although down by 9 percent on the very strong Q4/2009
 
The company said that an adjusted group EBITDA for the three months ended 31 March 2010 should not be less than Euros 26.5 million
 
Net cash at 31 March 2010 was Euros 55 million, after partial acquisition consideration paid in the quarter, but before payment of full year dividend of approximately Euros 22.7 million.
 
Giving a trading update on business in the first few weeks of the second quarter 2010, Management revealed that daily average royalty revenues in April are running slightly ahead of those experienced during Q1/2010, suggesting an encouraging start to what is normally considered to be a quieter quarter.
 
“We continue to see strong interest in our products and a good pipeline of prospective licensees in regulated and soon-to-be-regulated markets,” the management report noted.
 
Commenting on the KPI's, Playtech's chief executive, Mor Weizer, said: "We have had a very good start the year. Our final numbers for Q1 2010 reflect substantial revenue growth and build on the strong progress made in the last three months of 2009.
 
“Encouragingly we have also seen continued momentum going into the traditionally slower second quarter. Our two recent acquisitions have integrated well and are making excellent progress. I believe Playtech remains well positioned to add licensees in a number of newly regulating markets and can look to the rest of 2010 with confidence."



Gambling News :

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 - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

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.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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