Playtech Interim Financial Report for the Last Quarter Released

February 22, 2013 by

Playtech Playtech has just released it financial results for the last three months of the 2012 financial year and it seems that the online gaming software maker is headed on the right path. The firm posted €98.8 million in gross income which represents a 26% rise as compared to the previous year’s gross income.

The final three months recorded also slightly higher total revenue up from €79.9 million in the third quarter to €83.9 million in the final quarter which represented an impressive 20% percent increase. Playtech’s profit from its joint venture with William Hill online rose to €15 million, a 71% increase from the previous years.

The complete financial report for the year showed that total income shored to the excess of €368.1 million which was a 51 % increase over the previous years and total revenue grew by 53% to €317.5million over the year.

As for the profits from its William Hill joint venture the profit showed a similar increase for the year and was at €50.6 million which was a 40% increase.

Playtech CEO, Mor Weizer, said that Playtech’s strong performance was buoyed by the significant growth in its revenue streams from its software business especially the bingo and casino segments which were posting a double digit percentage increase while the profits from its William Hill partnership was also rising with the last quarter registering a record profit as compared to the past quarters.

Playtech’s performance can also be attributed to the several product releases especially in Italy where they launched slots and cross selling ventures that it entered into.

Mr. Weizer also announced that the partnership with Gauselmann received licenses from Schlewig Holstein to conduct sportsbetting and online casino gaming. He also said that the Playtech board of directors was very pleased and that they were looking forward to the 2013 financial year.
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