Playtech profits dramatically up
By Elena
6th May, 2008
Casino software developer Playtech has recorded 97 per cent year-on-year rise in profits in the first quarter of 2007.
Revenues for the gaming company totalled $39 million (£20 million) in Q1 2007 - dramatically up on last year's figure of $19.8 million for the same period.
Of total revenue, Q1 casino takings rose from $15.2 million to $27.2 million, while poker revenues surged ahead by 161 per cent to reach $11 million compared with $4.2 million.
Playtech is the world's largest supplier of software for internet-based gaming companies, holding partnerships with many of the online casino industry's most recognisable brands.
These include GoldenPalace.com, Casino Tropez, Betfred, Centrebet, ToteSport, Bet365 Poker, Stanley Ho's Dr Ho 888 casino, The Rank Group's Grosvenor Casino and Titan Poker.
Online betting exchange portal Betsson.com recently became the latest website to sign a deal with Playtech for the provision of its casino gambling products.
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