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Playtech Q3-2015

Thursday October 29,2015 : PLAYTECH REPORTS A STRONG THIRD QUARTER
 
Good growth in key indicators.
 
Online gambling group Playtech plc has released a strong third quarter report highlighting good performances from both its gaming and financial operations.
 
Financial highlights include:
 
* Total revenues up 47 percent compared to Q3 2014 on a reported basis, with 24 percent growth excluding acquisitions and adding back the impact of the UK POC tax; and 17 percent growth on a constant currency basis excluding acquisitions and adding back the impact of the UK POC tax;
 
* Regulated revenues accounted for over half of group revenues in the quarter, with over 40 percent of gaming revenues from regulated markets (35 percent in Q3 2014)
 
 Operational highlights in the gaming division that include:
 
* Strong growth from new and existing business with 73 percent of growth from regulated markets;
 
* Mobile accounted for 23 percent of software revenues in the quarter, up from 17 percent in Q3 2014;
 
* Positive momentum in white-label performance;
 
* Strong pipeline of opportunities;
 
Operational high lights in the financial division include:
 
* Pro-forma revenue growth of 36 percent vs Q3 2014 driven by customer acquisition and market volatility; 
 
* Active CFD customers of 26,400 in the quarter, up 21 percent against the same period in 2014, with first time depositors for CFDs of 9,700, up 19 percent;
 
* Regulatory approval for the acquisition of Plus500 expected by the end of November;
 
* Formally challenging the Central Bank of Ireland's decision regarding the acquisition of Ava Trade;
 
Current trading and outlook:
 
* Average daily revenue in the gaming division for the first 27 days of Q4 2015 up 14 percent on Q4 2014 (10 percent on a constant currency basis excluding acquisitions and adding back the impact of the UK POC tax) and flat on Q3 2015;
 
* In the 19 trading days to 27 October 2015, the financials division saw both active CFD customers and first time depositors for CFDs, up over 20 percent against the same period in 2014.
 
 
Mor Weizer, chief executive officer of Playtech, commented:
 
"Playtech delivered a strong operational performance in the third quarter with reported growth of 47 percent and underlying growth of 17 percent. Three quarters of our growth in Q3 came from regulated markets which now account for over half of all group revenues.
 
"Our Gaming division continues to enjoy double-digit underlying growth with our strong pipeline of opportunities giving us confidence in maintaining our momentum. Our Financials division had a strong quarter driven by customer acquisition, with a focus on our direct marketing channels, and we hope to complement our growth with the completion of the acquisitions of Plus500 and Ava Trade.
 
"Given the strength of our business and the momentum that we are enjoying, we have confidence for the remainder of 2015 and beyond."

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PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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