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MORE RECORDS FOR PLAYTECH
The Isle of Man based and London listed online gambling software developer Playtech plc turned in another record quarterly performance this week, showcasing record Q1 2008 revenues of US$39 million - an increase of 97 percent on the US$19.8 million achieved in the same period last year, and a 19 percent rise on US$32.7 million on fourth quarter 2007 revenues.
In terms of percentage increases, online poker operations was the star of the show with revenues totalling US$ 11 million, a remarkable 161 percent annual improvement on the US$4.2 million recorded in 2007 and a quarter on quarter rise of 17 percent.
Online casino revenues grew 79 percent to US$27.2 million on last year's US$15.2 million, and were up 19 percent on the last quarter of 2007.
“This has been an outstanding quarter for the group, registering impressive month on month revenue growth," said Mor Weizer, chief executive of Playtech.
"The addition of new licensees during the period and the anticipated full roll out of the new Asian P2P games and Flash Poker mean the group is well positioned to grow in Q2 and beyond. The group continues to pursue significant business opportunities across all the regulated markets and the Board is highly confident regarding the group’s trading performance for 2008 and beyond.”
Operational highlights included:
* The iPoker network becoming the largest non-US poker liquidity pool worldwide
* Nine new licence agreements and the soft launch of Asian peer-to-peer games during the quarter, with full roll out expected in the next three months.
* The development of a Flash poker product was completed and will launch in the third quarter of the year.
* The company has also initiated a “homologation process in various regulated jurisdictions”.
* Strong pipeline of potential licensees with the signing of three new licensees. The Group expects to sign additional new licensees during the year which should further strengthen its revenue generation in the future.
* Playtech will further support its future growth with the addition of new products
Current trading during April was up 9 percent on first quarter activity levels and the licenses and new product pipeline and momentum was continuing apace, a company statement revealed.
Gambling News :
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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