he Isle Of Man-based firm revealed that it saw a 23 % rise in gross income for the entire year when compared with the previous twelve-month period to 137.3 million euros due to a ‘particularly encouraging performance’ from its casino, Italian poker and William Hill Online operations.
Playtech stated that total revenues for the fourth quarter reached 30.4 million euros, which represented a 10% year-on-year increase, while its full-year revenues rose 3 % when compared with 2008 to 114.8 million euros.
Casino revenues for the fourth quarter totalled 20.7 million euros, which was a rise of 12% year-on-year, while those from poker for the three-month period increased 3% when compared with the same stage in 2008 to 8.4 million euros. The firm revealed that the share of profit in William Hill Online rose 94 % quarter-on-quarter to 8.1 million euros to make its first full-year contribution of 22.5 million euros.
“The fourth quarter was a solid quarter with strong increases in all business areas,” said Mor Weiser, CEO for Playtech. “This strong performance has continued in the first three weeks of the year. The board is very comfortable with market expectations for the year ended December 31, 2009 and looks forward to 2010 with confidence as another significant year of development.”
The company stated that daily activity was up 7 % over the first three weeks of January compared with the daily averages for its fourth quarter. Market expectations for Playtech’s full-year pre-tax profit range between 75 million and 92 million euros with the Reuters news service reporting that a consensus at 87 million euros is most likely.