Mor Weizer, chief executive officer of Playtech, has praised the online gaming software giant’s “strongest-ever quarterly performance” during the three months through to the end of September 30, 2014.
Revenue in the third quarter amounted to €116.5 million ($148.1 million), which is 28.6% higher than the €90.6 million generated in the corresponding period last year.
Although the firm’s casino business generated the highest portion of this amount – €62.4 million, up by 33.3% on Q3 of 2013 – Playtech’s sport business experienced substantial growth with revenue up by 108.8% to €7.1 million.
Playtech’s services, bingo, land-based and poker businesses also experienced revenue growth while other operations remained flat.
The company also noted that while the percentage of revenue generated in the European region dropped by about 8% in the quarter, gains were made in the Asian market.
Europe was responsible for 56% of all revenue compared to 64% in the same period last year, while Asia accounted for 36% of the total, up from 25% in Q3 of 2013.
Playtech also noted that revenue from the rest of the world dropped from 11% last year to 8% in the most recent quarter.
Speaking about the impressive set of results, Weizer said: “The strong growth seen through the first half continued through the third quarter resulting in the strongest-ever quarterly performance, driven by our flagship casino, including mobile and live, sport betting, land-based revenue and services.
“We started to deliver on our turnkey strategy with three licensees moving their UK-facing activity to the Playtech white label structure, strengthening our position as a key provider and demonstrating the financial and operational benefits that can be achieved by using our turnkey offering.
“Looking ahead, the management team is confident of exceeding current market expectations for the full year.”
source : www.igamingbusiness.com
