International edition
September 30, 2020

As at October 30th, the firm had a net cash position of 204 million euros

Playtech reports 67% third quarter revenue growth

(UK).- Playtech Limited has reported revenues of 28.5 million euros for the third quarter ended September 30th, a 67% increase on the same period last year despite the third quarter traditionally being seen as the slowest quarter of the year.

C

asino revenues amounted to 20.6 million euros during the quarter, a 69% year-on-year increase, while poker revenues climbed 60% to 7.6 million euros. Casino and poker revenues also saw increases of 5% and 9% respectively versus the previous quarter.

Europe continues to be the company’s strongest market with 69% of total revenues, with the Asia Pacific region contributing 25% and Rest of the World 6%. The strong growth in revenues from the Asia Pacific region follows the launch of the company’s Asian P2P games with selected licensees across Asian markets.

During the quarter Playtech signed four license agreements and also entered into three MOU’s with operators located in regulated jurisdictions. For the nine month period Playtech reported total revenues of 80.1 million euros, an increase of 78% against last year.

The company also reported trading in October as being very strong with a 10.6% increase in online activities compared to the daily average during third quarter, while trading in the early part of November is said to have exceeded the level attained in October.

Mor Weizer, Playtech’s CEO said: "This has been another strong quarter for the Group in what is traditionally the slowest period of the year. The addition of new licensees combined with organic growth during the period has resulted in continued growth across all business divisions.

"Notable during the period was the groundbreaking sale of certain assets and businesses to William Hill as well as signing them as a new licensee. The transaction is the first in a number of other potentially significant earnings enhancing affiliate acquisition opportunities. The Group continues to pursue significant business opportunities across all the regulated markets and the Board is confident regarding the Group’s trading performance for the rest of 2008 and beyond," he said.

As at October 30th, Playtech had a net cash position of 204 million euros.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook