Playtech Leading the Online Gambling Software Game
The financial results from January through June of 2011 are currently available for Playtech, one of the leading online gambling software providers out there. The company shows an increase of revenues of 18% despite having to make a €7 million adjustment after pulling out of the French online gambling market. The company shows a sizeable, profit (net) of €37.9 million, up 2%, and revenues went from €72.9 million to €76.3 million; 5% higher than last year.
While this information may be interesting to some people, more are sure to interested in what Playtech has set up for the rest of the year. The acquisition of PT Turnkey Services in July is already proving to be profitable, and when they acquired Mobenga, a mobile gaming specialist, Playtech is sure to see a boost in the mobile aspect of their online gaming empire as well. Recently a 10 year deal was signed with Gala Coral. This company has promised to showcase a certain number of Playtech products in their online casinos as soon as 2012.
The purpose of this deal is to slowly replace the current games and products displayed by Gala Coral with those boasting the Playtech name. Playtech is currently one of the most well-known names in the online casino market, and has already reported an increase in revenue of over 23% in less than two months of 2011’s third quarter. The reason for this increase is due in part to the start of Playtech making a name for itself in the Italian online casino market, making it one of Italy’s first software licensees.
There are also a number of different mergers and acquisitions that are currently in the works with Playtech, but the company is currently keeping any details under wraps until the time comes to release them. Rumors have it that one of these companies is Ash Gaming, but there is no evidence to support this theory. One thing that has been confirmed by Playtech CEO Mor Weizer is their entry into the mobile gaming world.
Weizer has also confirmed that while the California Online Poker Association was also brought up in reports for discussion due to the fact that SciPlay, a partner of Playtech, was selected as the service provider for this venture. While there have been some negative feedback regarding this, Weizer maintains that this is all just part of being in the buisnes.
Weizer mentioned that as more countries begin to move towards regulation that Playtech will be able to operators a market leading suite of products and services, which will help them navigate the complexities of apparently, continuously changing regulatory environments.
Playtech currently lists two of the most popular online casinos as Omni Casino along with Casino Tropez.
