Playtech Announces Record Revenues
Online casino software providers Playtech, whose software powers such big industry names as Betfred and Titan Poker, have recently unveiled their fourth-quarter 2008 "Key Performance Indicators" report. The report shows record profits.
Total revenues in the last three months of 2008 were €31.5 million, up 52% from 2007′s fourth quarter. The online casino and online poker businesses did equally well, both up around 50%. In Asia-Pacific growth was a staggering 141%.
Chief Executive 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."