SBC News Voice of the Sports Betting Industry
Igaming software and services provider Playtech PLC announced publically the issuing of a public dividends to investors and shareholders, as the company saw revenues rise in the fianancial year of 2013.
Playtech’s performance was boosted by strong sales revenues in 2013, and further aided by the successful sale of its share in igaming operator William Hill PLC and William Hill Online. The igaming software provider has announced an additional dividend payout of £100m (€122m / 166m) to investors at a flat rate of Eur23.2 cents per share.
A Pretax profit of €491.38m for 2013 was posted by the Israeli based betting and gaming software operator, issuing a gain of €89m on 2012 figures. Revenues of €367.2 million, up from €317.5 million in the previous year. Playtech said that revenue growth had been bolstered by organic growth, new business wins and its acquisition of PokerStrategy in July, 2013.
The company had also witnessed a 25% rise to €189.2m in its casino play. Sports betting revenue rose to €17.1m up 61% from €10.6m in 2012, numbers were aided by the launch of new mobile casino and sports betting inventory to Playtech clients.
Non-executive Chairman Alan Jackson in a statement. “Playtech has further strengthened its position as the world’s leading supplier of technology and services for the online gambling industry, and the board looks to the future with confidence and optimism.”
Further good news from Playtech, saw the company state that it had begun 2014 in a strongly, witnessing daily average revenues increase by 15% in the first quarter of 2014. The company expects further growth and strong performance in 2014, driven by new clients and strategic partnerships. The software provider has further pin pointed the upcoming 2014 FIFA World Cup in Brazil as a key period for revenue generation.
