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Playtech Publishes Third Quarter 2014 Financial Results

Internet betting software developer Playtech has announced its latest financial results, noting a 33% rise in casino revenues.

Key performance indicators for the third quarter ending September 30th, 2014 were:

  • Cash and cash equivalents of Euro 402.4 million (30 September 2013: Euro 523.2 million)

  • A 33 percent increase in Casino revenues to Euro 62.4 million (Q3/2013: Euro 46.8 million)

  • Sport revenues amounted to Euro 7.1 million, up 18.8 percent (Q3/2013: Euro 3.4 million)

  • Playtech's bingo product grew 9.5 percent, while poker showed a 3.1 percent growth.

  • Total revenues amounted to Euro 116.5 million (Q3/2013: Euro 90.6 million), up 28.6 percent

Commenting on his company's performance Playtech CEO Mor Weizer said, “The strong growth seen through the first half continued through the third quarter resulting in the strongest-ever quarterly performance, driven by our flagship casino, including mobile and Live, sport betting, land-based revenue and services."

“Looking ahead, the management team is confident of exceeding current market expectations for the full year.”

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