Playtech revenues soar; First half profit up 11%
Playtech Plc, a developer and provider of online and offline gaming software and content, announced a revenue increase of €286 million ($321.4 million) up by 33 percent for the first half of 2015 to June 30 compared to the same time last year.
The company’s underlying income also went up by 16 percent to €112.9 million year-on-year and net profit jumped 11 percent to €83.9 million for the first six months compared to the same period from the previous year.
The company, which is listed on the London Stock Exchange Market, says that they have made progress by using the technique of specializing in regulated markets. The chairman of Playtech, Alan Jackson, said that the company goes from power to power by focusing on the growth of regulated markets and, therefore, it has made a significant progress during the first half of 2015.
Furthermore, with the acquisition of Aristocrat Lotteries, the company’s land based gaming revenue almost tripled to €15.1 million in the first half of 2015 compared to €5.8 million from the prior-year period. According to the company, this acquisition further extended Playtech’s reach in important regulated markets and created cross-selling opportunities in existing ones.
Playtech Plc, a developer and provider of online and offline gaming software and content, announced a revenue increase of €286 million ($321.4 million) up by 33 percent for the first half of 2015 to June 30 compared to the same time last year. The company’s underlying income also went up by 16 percent to €112.9…