Playtech Turning Things Around
Playtech
Following a less than favourable summer that was not helped out by the football World Cup in South Africa, gaming software company, Playtech, have reported positive third quarter figures.
The update reported that gross income for this quarter was up 30% to £36 million which has left the software supplier to Betfair and William Hill online casinos confident of achieving full-year targets. CEO of Playtech, Mor Weizer was pleased with gross income being up 1% on this year’s second quarter considering the closure of the group's French operations and the staging of the World Cup. Weizer added: “Gross income and total revenues for the quarter held up well over the traditionally quiet summer period”.
He also made a special mention of the impact of the French closure which he claimed distorts the historic comparisons. He also added that after the expected slow down during the World Cup, September had been a much better month in terms of figures and seemed hopeful of this trend continuing.
Positive performances following the launch of the new Betfair casino and an Italian bingo product was named as major factors in the positive September figures. Also noted was William Hill Online casino in which Playtech’s share of profit was up 111% to £7.7 million.
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