The online gaming developer Playtech, has issued a statement about its enormous revenue increase of the first half of this year. In its interim statement the company measured a total revenue of over 210 million euro for the first half, which means an increase of over 21 percent compared to last years’ report which stated a total revenue of €176 million.
The adjusted earnings also sky rocketed by 28 percent to close to a hundred million euro. Those estimates were calculated before depreciation, tax, amortization and interest. Adjusted profits also went up close to a hundred million (€96.8 million which is €30.1 more than the first half of last year).
The effects of this massive growth in power was shown back in 2013, with the acquisition one of the largest poker communities in the world (7 million members) for $49 million from Etruvian Holdings.
Following its growth, the company has announced an increase of 1.1 cent in the dividend per share. The average daily revenue has increased by more than 20 percent for the first sixty days of the third quarter compared to last year. It is also estimated that Playtech will achieve more growth during the incoming months.
Alan Jackson, the chairman of the company, explained that it is due to the strongly established values and vision towards the future that help Playtech keep a competitive edge, and establish itself as a leader in supplying and innovating technologies and services to the industry of online gambling.
He also added, that the company has continued to improve and develop its products while still maintaining an increase in revenue to record numbers and managing its finance, reaching amazing results at the interim reports. The future strategy and mission of the company is to focus on making better and diversifying both the quality and the range and spectrum of products in regulated markets.
Facts show that Playtech’s chairman means what he says. The company has announced the acquisition of a (VLT) video lottery terminal businesses named Aristocrat Lotteries Italia, and Aristocrat Lotteries from the Stockholm-based specialist in casino and machine management systems – Aristocrat Technologies. Under the management of TruServ, both Aristocrat Lotteries businesses are currently providing a gaming platform for the VLT and casino commerce in Italy and Norway.
The estimation of the deal is said to amount to $13.8 million or €10.5 million. The acquisition will be funded by the company’s existing money. After any minor amendments of the contract and closing conditions, the deal is planned to be completed by the end of this month.
Playtech explained that this acquisition will place its land-based activities in a leading position in Latin America and Europe, expanding its dominant spot within the regulated markets. Moreover, this expansion will enable its land-based departments to duplicate their success as has been done with Videobet solution in the United Kingdom, as well as to extend its market share at the broader VLT market, and create cross-marketing opportunities for its recently developed products in current and newly established jurisdictions.
