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Playtech Financials on Track

Internet betting software designer Playtech plc has released their first quarter financial results, noting a growth in their financial services.

The results were discussed at the Playtech Annual General Meeting, where company chairman Alan Jackson revealed that the company's performance has been in line with expectations, noting that Playtech has been able to succeed despite what he called " a backdrop of high market volatility".

Speaking to the company's investors Jackson said, "I am delighted to say that the momentum that Playtech enjoyed in 2015 has continued into 2016. Our pipeline of M&A opportunities remains healthy with active discussions in the gaming division as well as discussions for selective bolt-on acquisitions in the financials division."

"As we stated at the time of our 2015 full-year results, should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure. We remain confident of continued success and strong growth in 2016 and beyond."

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bgsharpe
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21 May 2016 - 10:03pm
#1

It sounds to me like they in Playtech are not too happy with the numbers, probably they've had expected higher increase in sells and the results are just decent but not great. Or at least that's my feelin reading the news.

lvblck
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22 May 2016 - 7:17pm
#2

I agree with sharpe. But then again, I don't think Playtech should expect better results as they aren't trying to improve much, at least that's how I feel. Other than the two slots they released not that long ago, they haven't tried to be more interesting.

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