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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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