he business-to-business (b2B) supplier’s first quarter results, published earlier in May, saw revenue up by a quarter on the first quarter of 2009, driven largely by its casino business.
Today’s company update stated that Playtech has “experienced positive player activity throughout the fist six weeks of Q2”, with clients win during that period including Finland’s new online casino and poker monopoly, Rahaautomaattiyhdistys (RAY), which is due to start offering the two online vertical from the third quarter of this year when new legislation allows.
Playtech chairman Roger Withers said the company would benefit from its business-to-government (B2G) strategy of pursuing contract with further government-backed operators such as RAY, as well as from a changing perception of gambling internationally.
Withers said: “We believe the future of online gaming is in regulated markets and we have positioned the company to benefit from these. Many of our new licensees operate in regulated markets where we believe significant long term growth opportunities exist for the group. Furthermore the increasing perception of online gaming as a mainstream entertainment format looks set to open new geographical and strategic markets.”
He also highlighted the value of Playtech’s Sciplay joint venture with US lottery supply giant Scientific Gaming formed in January to the group’s B2G strategy. "As governments explore expanded gaming opportunities it is the incumbent lottery operator which is in a strong position to benefit from any new regulation, or may even be the sole provider permitted under such regulations. We see excellent prospects for working with government monopolies and lottery providers as their markets open up for online gaming,” he said.
Other business-to-business suppliers seeking to exploit links with lottery providers recently include Net Entertainment, which is to launch casino games in Italy with Intralot subsidiary Intralot Interactive and has pledged to seek further opportunities with Intralot Interactive in other territories, and Microgaming, which has licenced casino games to Iceland-based lottery supplier Betware.