One of the global leaders in online software gaming platforms ,Playtech has just released their first-half earnings for 2012.Due to high demand forcasino, blackjack, roulette and slots games they managed to exceed expectations by reporting a 64% increase in first-half earnings.

CEO of Playtech, Mor Weizer emphasized the importance of the mobile gambling sector as well as the online social gambling market which is converging with the real money gambling market. Playtech earnings rose by 64% to €91.2m compared to the €55m on the same period in 2011.

According to Weizer, Playtech featured strongly in the third quarter with daily average revenues up by over 25% compared to the same period last year. Gross income rose by 86% to €176.5m for the six months ending June 2012 compared to €95 for the same period in 2011.Total revenues were up by 101% to €53,8 compared to €76.3 million for the same period in 2011.Due largely to these excellent results Playtech’s share price rose to a three-month high of 390 pence.

Analysts like Peel Hunt reacted well to the positive results and went as far as to recommend buying the stock especially in light of the excellent start to the third quarter.Playtech powers some major online gambling providers including Paddy Power and Gala. They also have a 29% stake in British bookmaker William Hill.

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