Positive outlook
Online gambling technology provider Playtech have had an outstanding third quarter this year with profits showing a 28.6% rise on last year, a revenue increase of €116,500,000. The increase looks set to continue into Q4 with profits already showing a marked improvement on last year by a daily amount of 22%.
Bright future ahead
CEO Mor Weizer has cited the number of deals recently signed as proof that this increase is only the beginning for Playtech. This year is set to be a record breaker for Playtech and it seems as though this is start of many wonderful things. For example three of their licensees have made the move to Playtech’s white label structure. Weizer was quoted as saying that this is “demonstrating the financial and operational benefits that can be achieved by using our turnkey offering”.
The gift that keeps on giving
As if all this wasn’t enough Playtech have also recently won the court case with French online poker company Winimax earning themselves a payout of €3,000. Playtech are positive about the future for their company. They have plans to make an announcement in 2015 regarding a major acquisition that will take them “to the next level”. With most companies worrying about the impact the POC Tax will have on their bottom line, it’s great to see a company with such a positive outlook.
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