Skip navigation
logo
(AFX UK Focus) 2008-11-11 08:32
UPDATE 1-Playtech 9-mth revenues soar, well set for 2009
Article layout: raw

LONDON, Nov 11 (Reuters) - Online poker and casino software specialist Playtech Ltd posted a 78 percent rise in nine-month revenue on Tuesday, driven by the acquisition of new licenses and strong growth across all its business divisions.
The company, which provides gambling Web sites with games ranging from poker and blackjack to roulette and mahjong, said online activity had accelerated since the end of the third quarter and that it was well set for continued growth into next year.
Nine months to September revenue totalled 80.1 million euros ($103.3 million), up from 45 million euros in the same period last year.
"Combined with the strong November start, the board believes that Playtech is well positioned for further growth during the remainder of the year and into 2009," said its chief executive officer, Mor Weizer, in a statement.
Playtech, which was established in 1999 and says it operates the world's largest poker network, has a 29 percent stake in William Hill's online betting operations following a deal with the US bookmaker in October.
(Reporting by Farah Master; editing by John Stonestreet) ($1=.7754 Euro) Keywords: PLAYTECH Q3

(farah.master@thomsonreuters.com Reuters Messaging: farah.master.reuters@reuters.net, +44 20 7542 4208)

COPYRIGHT

Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Re-organisations, re-structurings, name changes, AGM, EGM
Article layout: raw
Jump back to site navigation