Raked in USD 519M

Playtech revenues up 24% in record- breaking 2014

2015-02-26
Reading time 58 seg
(UK).- Playtech has achieved record annual revenue and earnings in 2014 on the back of acquisitions and partnerships. The company reported a 24% increase in revenue to USD 519M and a 30% bumprise in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to USD 235M. Adjusted net profit grew 29% to USD 216M.

During the period, the company completed Ladbrokes' (LSE:LAD.L - news)  migration to Playtech's full product suite and IMS infrastructure. Ladbrokes has replaced its casino software and games with a suite of Playtech products on its websites.

Playtech also signed agreements with Holland Casino in the Netherlands, Caliente in Mexico, RCS Media in Italy and a turnkey solution for Trinity Mirror (LSE: TNI.L - news) in the UK.

The group purchased Aristocrat Lotteries, creating the world's largest VLT software business, and a 33% stake in BGO, gaining access to a game design studio enabling the creation of new content for Playtech's software platform.

The total dividend was raised to 26.4 cents from the previous year's 23.2 cents.

Alan Jackson, non-executive Chairman, said: "Playtech has continued to deliver exceptional performance by focusing on consolidating its position as the world's leading software and services provider to the online gambling industry. By expanding its licensee relationships; creating innovative new content; enhancing its products; and deepening its customer focus, the business has continued to thrive. The continued momentum of 2014 has been maintained in the first two months of 2015 and the Board looks to the future with confidence and optimism."

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