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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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