International edition
September 19, 2020

The company reported unaudited revenues of 111.5 million euros in 2008

Playtech full-year revenues increase 70%

(UK).- AIM listed online gaming platform provider Playtech said that improved revenues combined with the completion of two major milestones in the fourth quarter of 2008 have positioned the company to steer a course through the difficult economic conditions this year.

T

he company said it was particularly pleased with the smooth integration of the William Hill joint venture as well as results from its Italian online poker network which has proven to be “significantly revenue enhancing”, ahead of management’s expectations.

For 2008, the company reported unaudited revenues of 111.5 million euros, an increase of 70% versus 2007, while revenues in the fourth quarter improved 52% year-on-year to 31.5 million.

Casino continued to be the company’s biggest revenue generator, accounting for approximately 70% of both fourth quarter and full-year revenues, with poker contributing the balance.

Geographically, revenues from the Asia Pacific region experienced the biggest growth, increasing by 113% year-on-year to account for 24% of total revenue, with European revenues increasing 80% to contribute 70% of total revenue.

Playtech’s CEO, Mor Weizer, said: "Once again we have enjoyed a successful quarter both operationally and strategically as we continue to grow the business and make the most of the opportunities presenting themselves.”

“We are particularly pleased with how smoothly the integration of the William Hill joint venture has progressed, which bodes well for this important strategic company development. The company has met management’s demanding expectations and we are confident that Playtech will meet its targets for the full year."

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