Following strong year-on-year growth across all of its products, with the exception of poker, Playtech has reported a 99 per cent increase in total revenues for the second quarter of the year.
The gaming software and services provider posted total revenues of €78.6m for Q2 2012, which is up five per cent on the previous quarter and gross income of €88.1m, compared to €48.4m for the same period last year.
Playtech CEO Mor Weizer commented that the company’s first half performance for 2012 has been “very encouraging”, with all products, except for poker, achieving strong year-on-year growth. Poker revenues were down 12 per cent to €4.4m compared to the same period last year and down 18 per cent on the first quarter of 2012.
Progressing to the Premium Listing segment of the Official List and admitted to trading on the London Stock Exchange's Main Market on July 2, Playtech also reported an increase of four per cent in services revenues to €26.8m, which Weizer said “uniquely positions Playtech for future strategic revenue streams as markets continue to regulate.”
Weizer added: “Although we anticipate a seasonal slowdown during the traditionally weaker summer months, I believe that the company is well positioned to maintain the momentum into the rest of the year."
Other results posted included casino revenues which were up eight per cent on Q1 2012 to €37.1m, bingo revenues up one per cent to €4.4m and Videobet revenues up 15 per cent to €2.8m. The company’s share of profit in William Hill Online was up seven per cent to €9.5m compared to Q2 2011, but down 29 per cent from Q1 2012.
