Alan Jackson Chairman of Playtech Plc, has praised his firm’s strong opening to 2016, stating that the company’s commercial pipeline has continued its positive 2015 momentum.
Updating investors at Playtech’s Annual General Meeting (AGM), Jackson detailed that the gambling technology provider had recoded improved core metrics maintaining growth in its average daily revenues.
Playtech governance expects further corporate growth to be achieved through new licence wins secured in 2015 which will contribute to corporate revenues later this year.
Furthermore, Jackson updated investors on Playtech’s new ‘financial services’ division, which had delivered performance in-line with corporate expectations, despite high trading volatility witnessed in Q1 2016.
Presenting at the AGM, Jackson reiterated Playtech governance’s current guidance, that the company would focus on returning cash dividends to its shareholders if it did not find any acquisition opportunity.
“Our pipeline of M&A opportunities remains healthy with active discussions in the Gaming division as well as discussions for selective bolt-on acquisitions in the Financials division,”
“Should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure. We remain confident of continued success and strong growth in 2016 and beyond.” Jackson commented