he firm announced adjusted net profits of us$ 219.8 million, a 49% improvement on 2011, although cash balance decreased by 28.3 % to us$ 157.7 million alongside a 62.3 % drop in net cash. “The year ending December, 2012 was an exceptional period in the continued development of Playtech,” said Roger Withers, Non-Executive Chairman for Playtech.
“The company delivered another impressive financial performance and passed a number of significant corporate and operational milestones, strengthening its position as the clear market leader in the provision of software and services to the global gaming industry. “Playtech continues to capitalise on its clear strategy and strong balance sheet. The board is highly confident of the company's prospects in 2013 and beyond.”
“Playtech has made a strong start to 2013 with average daily revenues for the first eleven weeks of 2013 up over 15 percent the first quarter of 2012 and up five percent on the fourth quarter of 2012,” said Mor Weizer, CEO for Playtech. “The anticipated revenue from the number of new licensees who launched during the last quarter of 2012, the introduction of slots in Italy and the extension of existing relationships such as the migrations of Betfair poker and Unibet.fr followed by the progress made in the year to date such as the landmark agreement with Ladbrokes secures the company's position in 2013 and beyond.
“Playtech is in a prime strategic position and well capitalised to take advantage of opportunities from the evolving global regulatory landscape and we look forward to the future with confidence.”