Playtech 15Q3 revenues rise 47 percent

Playtech Plc announced growth in all key areas, apart from online poker, in 15Q3 as the gambling technology provider recorded a 47 percent rise in group revenues to €170.9 million ($188.2 million) compared with €116.5 million in 14Q3.

The company continues its strong 2015 momentum, recording 21 percent revenue uplift to €75 million for its online casino division. 

Group growth was further supported by an 18 percent gain in its client ‘services’ division to €40 million compared with €34 million year on year.

Detailing corporate performance, Playtech reported strong growth in new and existing business with 73 percent growth in regulated market activity. 

Regulated market operations accounted for over half of group revenues in the quarter, contributing over 40 percent of gaming revenues from regulated markets.

Mor Weizer, Chief Executive Officer of Playtech, said: “Our Financials division had a strong quarter driven by customer acquisition, with a focus on our direct marketing channels, and we hope to complement our growth with the completion of the acquisitions of Plus500 and Ava Trade.”

Read more: http://www.sbcnews.co.uk/technology/2015/10/29/playtech-continues-its-st…