Playtech Financial Results for 2013 Announced

February 22, 2014 by

playtech-financial-resultsIf you want to know how the online casino industry as a whole is doing, then there are a few key metrics that you can look at. One of the most important of those metrics is how the top software companies are doing. If revenues are up, that means that most casinos that use their software are also doing well. However, if revenues are down, then that can be a strong indicator that the industry is in a decline.

Playtech Financial Results Released

Playtech has announced their financial results for 2013, and these results are important because they can give insight into how the industry is doing on a global scale. Overall, Playtech showed an enormous amount of growth in the past year with a 26 percent increase in total profits compared to 2012. This is an enormous change from one year to the next, and they ended up with a total of €148.3 million in profits for the year. Their online casino software was the biggest part of all of this with total revenues at €189 million compared to €151 million for the previous year for an increase of 25 percent.

A Busy Year for Playtech

It’s been a particularly busy year for Playtech. After a lengthy legal battle, they sold their stake in William Hill Online for a massive sum of £424 million, though that’s not reflected in their normal operating profit described above. This has also lead to a £100 million dividend that’s going out to shareholders.

A number of other things happened for Playtech in 2013 as well. They signed several new operators in Mexico, Europe and other parts of the world, and they really pushed the Geneity sports betting platform that they purchased in 2012. All of these things combined helped to push Playtech even further ahead of most of the competition. It has been a very impressive year for Playtech, and 2014 is looking like it could set some more earnings records with the momentum that they built up in 2013.

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