Playtech is “ideally positioned” to capitalise upon regulatory changes in Europe and the US, the company’s Roger Withers said.

Playtech

Withers was commenting following his company’s financial report for the six months to June 30, which showed an 86 per cent increase in gross income to €176.5m and a 101 per cent rise in total revenues to €153.8m.

Adjusted net profit was up 67 per cent to €84.5m.

Describing the first half of 2012 as “exciting,” Withers said Playtech’s multi-channel approach enabled it to “maximise the potential for growth” in newly regulating markets.

“Despite the uncertainty surrounding the future of European and US regulation, the company is ideally positioned to take advantage of changes in the online gaming market through further expansion of its joint ventures and organic growth strategy,” he said. “Playtech is the supplier of choice for technology and services for the worldwide online gaming industry and we look forward with confidence to building on our positive momentum.”