The company recorded total revenue of €102.7 million ($141.7 million) in the first quarter of 2014, an increase of 14% on the €87.5 million achieved in the corresponding period last year.
Playtech’s live casino offering proved to be the most successful in the period after bringing in revenue of €55.4 million, 25.6% more than the €44.1 million it contributed in Q1 of 2013.
The firm’s sports betting service also experienced year-on-year revenue growth of 21.7% in the sector, contributing a total of €5.6 million to the total revenue figure.
Playtech did suffer year-on-year revenue falls across its bingo and poker offering, which fell 16.7% and 13.6% respectively during the quarter.
Mor Weizer, chief executive officer of Playtech, described the company’s largely positive performance in Q1 as “strong” and is now keen for the firm to move forwards and push for further growth.
“The company’s diverse licensee base has delivered a robust performance driven by our flagship Casino, Live Casino, Sport Betting and mobile products,” Weizer said.
“The two most significant achievements of the quarter were the completion of the roll out of our multi-channel solution to Coral retail outlets and the migration of the entire Ladbrokes online gaming offer onto the Playtech platform.”
“Looking ahead, the board remains confident regarding the continuing growth prospects for the company.”
source : www.igamingbusiness.com
