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Playtech 15H1 revenues up 33 percent

Playtech announced that their 15H1 revenues increased by 33 percent to €286 million (US$322 million) compared with the same period last year. Profits lagged behind revenue but still improved by 16 percent from €97.6 million to €112.9 million.

Third quarter revenues were slightly down from the same period in the prior year but were 16 percent higher compared compared with the second quarter of this year.

“We have made significant progress against all aspects of our strategy during the first half of the year,” said Playtech chairman Alan Jackson.

“We have completed a series of strategic acquisitions to create and enhance our new ‘Financials’ division, a high-growth and regulated industry, and our continued operational delivery across all business segments has translated into a strong financial performance across all key metrics, with revenues up by a third in the half year.

“Our Gaming business continues to go from strength to strength with our strategy of focussing on regulated markets driving growth.

“Our pipeline remains strong, with significant opportunities across all geographies, as customers seek to benefit from our market-leading omni-channel offering and our best-of-breed products in each and every product category.

“Taken together, the progress we have made gives me great confidence that the sustained momentum in our business will result in further growth in 2015 and beyond,” Jackson concluded.


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