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PLAYTECH REPORTS A STRONG Q2-2012

Tuesday August 7,2012 : PLAYTECH REPORTS A STRONG Q2-2012
 
Online gambling company reportedly advancing on all fronts          
 
The publicly listed online gambling software developer and turnkey provider Playtech plc has posted a generally strong set of Q2-2012 results along with a trading update.
 
Key performance indicators for the three months ended June 30 2012 included the highlights:
 
* Gross income up 82 percent to Euro 88.1 million, (Q2-2011: Euro 48.4 million) but flat compared to  Q1-2012
 
* Total revenues up 99 percent to Euro 78.6 million, (Q2-2011: Euro 39.6 million) and up 5 percent on Q1-2012
 
* Casino revenues up 36 percent quarter-on-quarter to Euro 37.1 million, (Q2-2011: Euro 27.3 million) and up 8 percent on Q1-2012
 
* Poker revenues down 12 percent to Euro 4.4 million, (Q2-2011: Euro 5 million) and down 18 percent on Q1-2012
 
* Bingo revenues up 21 percent to Euro 4.4 million, (Q2-2011: Euro 3.6 million) and up 1 percent on Q1-2012
 
* Videobet revenues up 36 percent to Euro 2.8 million, (Q2-2011: Euro 2 million) and up 15 percent on Q1-2012
 
* Services revenues up 4 percent to Euro 26.8 million on Q1-2012
 
* Share of profit in William Hill Online up 7 percent to Euro 9.5 million, (Q2-2011: Euro 8.8 million) and down 29 percent from Q1-2012 reflecting strong performance in Q1-2012
 
* PTTS purchase completed on 1 July 2011
 
Management provided the following trading update:
 
Daily activity for the first 31 days of Q3-2012 is 24 percent ahead of Q3-2011 and 3 percent below that of the daily average of the previous quarter.
 
Playtech licensees, including Bet365, William Hill, Betfair, and Casino Gran Madrid have launched in the newly regulated Spanish market with further licensees looking to launch in September 2012.
 
The Gala Coral project is progressing and the first two phases of its migration to the Playtech platform, including Gala Bingo and Gala Casino, were completed successfully in July and are performing well
 
Playtech's mobile strategy is advancing, with Paddy Power launching nine casino games in an integrated mobile solution
 
The company has won a number of industry awards for its products.
 
The largest bingo network progressive jackpot promotion yet was completed in Q2-2012, delivering a combined GBP 2.5 million in prize money to players
 
The highlight of Playtech's corporate achievements was the admission of the company to trading on the London Stock Exchange's Main Market for listed securities on 2 July.
 
The earlier of acquisition of PTTS, and the subsequent success of the company has led to Playtech accelerating the payment of an additional consideration of Euro 140 million payable to Worldwide Online Enterprises Ltd in three tranches through to 2014. PTTS achieved an annualised adjusted EBITDA in excess of Euro 40 million in H1 2012.
 
Playtech also completed its previously announced related party transactions for a social gaming software licensing agreement with Skywind Holdings, a lease agreement for GTS's premises and an advisory agreement with major shareholder Teddy Sagi on 12 June
 
Integration of January's acquisition of Geneity continues alongside strong performances from Playtech subsidiaries Mobenga and Ash Gaming
 
Playtech's Chief Executive, Mor Weizer, said: "First half performance for 2012 has been very encouraging and all products, with the exception of poker, have achieved strong year-on-year growth. I am also particularly pleased that Playtech achieved a Premium Listing on 2 July, which marks the company's exceptional progress since listing on AIM in 2006."
 
"The services division has delivered a very impressive performance and surpassed the accelerated payment threshold. This uniquely positions Playtech for future strategic revenue streams as markets continue to regulate. Although we anticipate a seasonal slowdown during the traditionally weaker summer months, I believe that the company is well positioned to maintain the momentum into the rest of the year."



Gambling News :

NBA Odds: Warriors Big Favorites to Beat Cleveland - The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.

$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.

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