Casino Conditions
- Home
- About Us
- Online Casino Reviews
- Wagering Requirements
- Managing Your Bankroll
- Casino Deposit Methods
- Reputable Casino Software
- Online Casinos Blacklist
- Internet Gambling History
- Basic Gambling History
- Industry Conferences
- Betting News

 Gaming Rules
- Baccarat Rules
- Blackjack Rules
- Craps Rules
- Keno Rules
- Poker Rules
- Roulette Rules
- Slots Rules
- Video Poker Rules

 Gaming Tips
- Baccarat Tips
- Blackjack Tips
- Craps Tips
- Keno Tips
- Poker Tips
- Roulette Tips
- Slots Tips
- Video Poker Tips
 
Online Casino Conditions >>> Betting News >>> August News


PlayTech Reports 2Q Results - Online Platforms Stand Out

Online Casino Conditions Staff
August 25, 2006

Keeping the trend going for the internet's leading online casino software developers, PlayTech Software has reported impressive financial results for the first half of 2006. Upon the release of their second quarter earnings, PlayTech has confirmed speculations that 2006 would result in a minimum of 100% increases across the board in online gaming revenue in comparison to overall company revenues at the close of 2005. In fact, overall revenue rose by a massive 139%, while those funds generated strictly from online casino gambling were up by 129% and those of poker activity were up by an amazing 851% increase.

Total revenue for the first half of 2006 is valued at $46.2 million, with an adjusted net profit of $37.3 million (a 172% increase). Now with over forty-two online gaming operators using the Playtech software platform, and operating a total of 137 gambling sites (an addition of twenty-two sites since the start of 2006), PlayTech has unequivocally clinched its position as one of the top software providers for the industry, not to mention a purveyor of online transaction security and a global force in the financial world.

The Chief Executive Officer of Playtech, Avigur Zmora, expressed sentiments that he was not surprised by the figures, considering PlayTech has been strategically positioning itself to expand its reach and services in an exponentially expanding online casino gambling industry, which now holds major prospects in the Asian sector. Geographical diversification was the key to PlayTech's success in 2006, said Zmora, in addition to a continually expanding platform of casino games and software solutions.

This successfully implemented plan has characteristically been highlighted by three online gaming site migrations (each having a previous concentrated player pool of European and Asian online gamblers), four other distinct casino licensee agreements, and the developments of Playtech's new mobile and video bet gambling platforms, not to mention their targeted Mahjong platform which is already proving to be vastly popular with Asian gamblers.

Back to Betting News Index

 

© 2005 - Online Casino Conditions.com