Strong ‘Commercial Pipeline’ sees Playtech post 38% revenue surge in 2015

alanjackson
Alan Jackson – Playtech

New client acquisitions, combined with the continued growth of Tier 1 UK digital accounts (Sky B&G, Gala Coral, Ladbrokes and Betfair) have helped Playtech Plc post full-year 2015 revenues of €630 million up 38% on 2014’s corresponding €457 million.

Declaring 2015 corporate results (period ending 31 December), Playtech governance was pleased to announce top-line metric growth on all its core division.

Detailing 2015 operational highlights, Playtech noted the continued growth of ‘Regulated Markets’ which had accounted for 41% of its 2015 Gaming Division revenues (36% – 2014).

The FTSE listed gambling technology provider detailed that it had further strengthened its commercial pipeline, gaining ‘new client wins’ with Sun Bingo, Marca (Spain), Win2Day and Mr Green choosing to join its services.

In 2015, Playtech’s Gaming Division has been supported by its new ‘Financial Services Division’, which posted FY revenues of $100 million with a post-acquisition revenue contribution of $66 million.  

Updating the markets on its 2016 performance, Playtech governance detailed that the company was carrying its strong momentum with ‘Average Daily Revenues’ up 12% in 2016’s opening quarter.

Officially closing its 2015 corporate performance, Playtech governance stated that it had full confidence in strong growth for 2016, with further gains from its Gaming Division offsetting lower targeted growth from its Financial Division.

Alan Jackson, Chairman of Playtech Plc, commented on 2015 performance

“Whilst 2015 was an incredibly busy year for Playtech, our operational performance was stronger than ever, delivering reported revenues up 38% and up 26% on an underlying basis.

“The Gaming division continues to lead the industry and drive our growth. Our pipeline of opportunities continues to be very strong and we expect significant wins in 2016, led by our pioneering omni-channel offering and driven by existing and newly regulated markets. Our newly created Financials division is developing well and we have further improved its business model.

“We have many opportunities for further growth, both organically and through M&A, with active discussions on a number of potential acquisitions in the Gaming 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.

“Taken together, we are confident in strong growth in 2016 and beyond.”

Playtech Performance FY 2015 Overview

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