Playtech`s Revenue on Rise Because of New Strategy

Playtech's revenue increases

Playtech closed its first quarter with an amazing revenue, which they attribute to their ongoing financial and operational scheme.

The total amount of the income is EUR 134,9 million which is up by 31% from last year’s first quarter revenue, and is 7% more than the final period`s. The company`s casino offers proved to be the most rewarding, with their EUR 70,9 million contribution to the total. The biggest growth, namely 198%, took place in the company`s land-based setups.

Gambling news reported that all Playtech services are on the rise, except from one. Somehow the company`s revenue from poker reduced by 17%. This means that the poker department brought in a total of EUR 3,2 million. However they talk confidently about their “strategy which has delivered both on an operational and financial basis.”

Playtech plans further expansion and innovations

The CEO of Playtech, Mor Weizer, said that they broadened their licensees with new additions, and extended their existing ones, too. He added that innovations are still amongst their main priorities, as proven by their recent releases. Playtech launched an application for the “Apple Watch on the day it was released, and saw further progress with Playtech ONE initiatives.”

The company also announced “two important strategic transactions with the acquisition of TradeFX, an online CFDs and binary options broker and trading platform provider.” These additions are supposed to complement the social gaming range of Yoyo games and Playtech`s existing business. Concerning the future of their mobile casino gambling services, Weizer is positive about the firm`s “ability to deliver strong growth in 2015 and beyond.”

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