Online Casinos Supplier In Bouyant Mood

09th May, 2010

One of the leading online casinos suppliers has been the latest company to reveal their Q1 figures - much to the satisfaction of the city.

AIM-listed Playtech has revealed a 25% hike in revenues compared to the same period last year, of over €36m - thanks in no small part to their online casinos product which weighed inwith over €24m in revenue.

In keeping with Party Gaming's recent result, Playtech also announced a drop in revenues for their online poker product, seeing a 4% fall down to just under €8.5m

Elsewhere on the balance sheet saw their recent alliance with one of the best uk casinos, William Hill still paying dividends, with a massive boost of nearly 50% in revenues for their William Hill Online arm, as well as their new online bingo room business contributing €1.7m.

A spokesman for Playtech said of the results...

'Our final numbers for Q1 2010 reflect substantial revenue growth and build on the strong progress made in the last three months of 2009. Our two recent acquisitions have integrated well, I believe Playtech remains well positioned to add licensees in a  number of newly regulating markets and can look to the rest of 2010 with confidence.'

Playtech has in recent times acquired online bingo room network Virtue Fusion, as well as sign up more of the best uk casinos, including BoylesCasino and SEGA Games.