Playtech set to announce ‘significant’ growth in 2014

Online gaming software and services giant Playtech has reported that since the release of its interim management statement in October last year, the firm has continued to perform “strongly” during the remainder of the 12-month period up to December 31, 2014.

In a post-close trading statement, Playtech said that the board’s expectations are that both total revenue and adjusted earnings before interest, tax, depreciation and amortisation for the full year will be “comfortably in line with the latest market consensus”.

The company also noted that these increases will represent “significant double digit growth” in comparison with the previous year.

The update comes after Playtech in October secured its strongest-ever quarterly performance for the three months through to September 30, 2014.

As reported by iGaming Business, revenue in the third quarter of last year amounted to €116.5 million ($135.3 million), which was up 28.6% on the corresponding period in the previous year.

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