Playtech revenue up 89%

PLAYTECH has announced an impressive 89% increase on their Q4 2011 earnings compared on a year before. Casino revenues were up 13%, bingo revenues up 9%, while poker revenues declined by 2%. Overall, the revenues for Q4 approached $90 million.

In addition, Playtech announced recent joint ventures with German and South African partners. As company CEO, Mor Weizer stated, “Playtech is preparing itself for each and every market to make the most of the changing regulatory landscape.”

The success reflects their current playtime with global players. Playtech are hoping to take advantage of the current online sports betting in the United States. Playtech is looking to take an advantage and pursue business with multiple casinos based in the country. It is also currently in talks with potential partners in the United States.
Mobile sports betting is also looking to be expanded with its acquisition of sportsbook developer, Geneity.

The recent acquisitions and strong performance will allow the company to place itself in a better position in relation to Microgaming, its major competitor. Both companies prepare themselves for mobile casino games with constant innovations and an expanded marketplace offering. This will only make online casino gambling and sports betting a more exciting venture for punters.

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Category: Headlines, iGaming