Playtech shows solid growth - Online Bingo News

Online gaming software developer Playtech, a major choice for many online bingo operators and UK online bingo halls, has released second quarter results showing continuing growth.

"The second quarter of 2008 was a further significant period of growth for Playtech," said the company’s CEO Mor Weizer.

Playtech has reported revenues of $42.4 million, an increase of 75% on the same quarter for 2007.

"This level of performance, particularly considering the impact of the Euro 2008 football tournament and traditional seasonality, is very impressive with licensees continuing to win relative market share," Weizer continued. "For the year to date, total revenues have increased by 85 percent. The Company has had a good start to July with further continued growth in both casino and poker. With organic growth and the launch of new licensees in Q3 and beyond we look forward to a strong quarter and the Board is highly confident of the prospects for the full year."

While casino and poker-related profits contribute the most to Playtech’s results, online bingo games are also a growing part of the company’s software platform exposure.

Written by John Witherspoon – Come and read all about the online bingo world. BingoStreet’s online bingo news section serves the freshest info of the industry.