Playtech have enjoyed some good times recently and this looks set to continue thanks to their online casino product. The product, which is used by Coral, bet365 and joint venture partners William Hill, was partly responsible for an 18% increase in revenue.
This revenue increase is for the first six months of this year and things certainly haven't slowed down since then. The Israel based company also said that the first 54 days of this half were showing revenue 23% higher than the same period last year. This is mainly thanks to the introduction of a number of online casinos and poker products into the Italian market.
Despite these impressive figures, like many online gambling companies Playtech have struggled to stop their shares from losing value. Since the beginning of the year, Playtech shares are now down 4.5% to 302.25p, after having reached an all-time low of 290p.
Despite the worrying share prices, Playtech will be looking to improve further upon their recent results so keep an eye out for new developments in any of the Playtech powered casinos.
