Playtech has cited growth within its gaming and financials divisions as two of the key reasons behind a year-on-year jump in revenue during the third quarter.
Revenue in the period amounted to €170.9 million ($186.7 million), an increase of 47% on the €116.5 million posted in the corresponding period last year.
Revenue within Playtech’s gaming division was up 23% year-on-year to €143.4 million, with casino continuing to lead the way after generating €75.4 million in revenue, up 21% on the previous year.
Playtech’s services, sports, land-based, bingo and other divisions were also able to post year-on-year growth in the period, with its poker business the only area to suffer loss, with revenue down 25% year-on-year to €2.5 million.
The firm also noted that due to customer acquisition in the period, its financials division was able to collect €27.5 million in revenue.
Mor Weizer, chief executive of Playtech, said: “Playtech delivered a strong operational performance in the third quarter with reported growth of 47% and underlying growth of 17%.
“Three quarters of our growth in Q3 came from regulated markets which now account for over half of all group revenues.
“Our gaming division continues to enjoy double-digit underlying growth with our strong pipeline of opportunities giving us confidence in maintaining our momentum.
“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.
“Given the strength of our business and the momentum that we are enjoying, we have confidence for the remainder of 2015 and beyond.”
source : www.igamingbusiness.com
