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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 Casino 888Mor 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 :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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