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Good 4th Quarter for Playtech
1/26/10 - Online gambling software developer Playtech plc has unveiled an impressive set of Q4 numbers in its trading update this week, revealing that:
* Gross income up 23 percent at Euro 137.3 million for the 12 months to 31 December 2009 (2008: Euro 111.5 million)
* Gross income up 21 percent at Euro 38.5 million for Q4/09 (Q3/09: Euro 31.9 million), reflecting strong growth in activity and supported by 'particularly encouraging performance' from casino, Italian poker, and WHO share of profit
* Total revenue of Euro 30.4 million for Q4/09, representing an increase of 10 percent on the Euro 27.7 million in Q3/09 (Q4/08: Euro 31.5 million) and making full year revenue for 2009 of Euro 114.8 million, up 3 percent vs 2008 in an economically difficult year.
* Casino revenues for Q4/09 totaled Euro 20.7 million, up 12 percent; Poker revenues for Q4/09 totalled Euro 8.4 million, up 3 percent
* Share of profit in William Hill Online joint venture of Euro 8.1 million, up 94 percent in Q4/09 compared to Euro 4.2 million in Q3/09, and making its first full year contribution of Euro 22.5 million
The trading update comes ahead of the company's plan to announce final results on 17 March 2010.
Operational highlights included:
* Daily activity up by 7 percent in first 3 weeks of January, over Q4/09 daily average
* Several new licensees launched their operations in Q4/09 including: Betfair (casino); Netplay (TV gaming) and Serbian Lottery (casino & poker)
* Good contribution from licensee slot activity from branded games launched in Q4/09, including Incredible Hulk and Iron Man
* New license agreements in various regulated markets such as Sega; GTS announces license agreement with Virgin Games, the first since its acquisition in December
* Landmark strategic alliance with Scientific Games (SG) of the US announced to focus on B2G opportunities in regulated markets, giving Playtech a significant worldwide lottery market exposure
* Videobet's related software agreement with SG's Global Draw makes it the leading supplier to the UK's FOBT games terminal market and brings critical mass to its operations
* Acquisition of leading games platform developer, GTS in December 2009 delivers open-platform technology, large games library and 15 market-leading sportsbook licensees
* World Lottery Association associate membership granted, enhancing Playtech's reputation in regulated markets around the world
Commenting on the KPI's Playtech's chief executive, Mor Weizer, said:
"The fourth quarter was a solid quarter with strong increases in all business areas. This strong performance has continued in the first three weeks of the year. The Board is very comfortable with market expectations for the year ended 31 December 2009 and looks forward to 2010 with confidence as another significant year of development."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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