Strong casino performance helps Playtech post strong opening to 2014

morweizer
Mor Weizer – Playtech CEO

Igaming software provider Playtech posted a strong start to 2014 (period up to 31st of March 2014), reporting increased revenues of 17%.

Casino proved to be the software providers main performance driver, posting a 25.5% year on year uplift of €55.4 million / £ 45.6 million (2013 – €44.1 million). Playtech management stated that its strong casino performance had been driven by optimised B2B partnerships and new operators partnerships. Playtech have also successfully launched new casino gaming inventory during the period.

Playtech further posted increased revenues for sports betting services of €5.6 million / £4.6 million a 22% increase on 2013 figures. However the software provider witnessed a decrease in revenues generated from its poker (€3.8 million down 13.6%) and bingo (€4 million down 16.7%) verticals.

Playtech Chief Executive Mor Weizer commented on company performance “Over the first quarter we focused on operational progress in key areas that are an inherent part of our growth strategy; improving our Casino and Live offering, IMS and single wallet and Sports Betting capabilities,”.

“Our leading position in the mobile space has been bolstered by the launch of new products, including a number of innovative games along with poker and bingo designed specifically for tablets and smartphones,”

Playtech Q1 2014 performance breakdown 

Q1/14(€m) Q1/13(€m)

Reported change
(%)

Q4/13

(€m)

Reported change
(%)

Casino

55.4 44.1 25.6 51.4 7.8

Services*

29.7

26.3

12.9

31.0

-4.2

Bingo

4.0 4.8

-16.7

4.3

-7.0

Sport

5.6

4.6

21.7

4.6

21.7

Poker 3.8

4.4

-13.6

3.5

8.6

Land-based 2.8 2.4 16.7 3.7

-24.3

Total revenue 102.7 87.5

17.4

99.8

2.9

*including contribution from PokerStrategy.com from July 2013

Geographical split

Q1/14
(%)
Q1/13
(%)
Q4/13
(%)

Europe

58

66 62

Asia

33 22

28

Rest of the world 9 12

10

 

 

Check Also

PBS launches virtual sports solution for SSBTs

Playtech BGT Sports (PBS) has confirmed that it will be launching its first proprietary virtual …

MontBleu Casino Resort & Spa in South Lake Tahoe

GambleAware urges UK Finance to get strict on Gambling Blockers

GambleAware has this morning published insights from research it commissioned on public uptake and effectiveness …

Propus launches Bookies Matrix tracking all licensed bookmakers activities

Bookies Matrix (bookiesmatrix.com) has launched seeking to become the global directory for all licensed bookmakers. …