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Posted by: WinnerOnline-Editorial at July 16, 2008, 6:02 pm
Topic: Playtech 2008 Q2 Financial Highlights Forum: Winner Online
Source: Excerpt from Press Release Playtech, the international designer, developer and licensor of software to the online and land-based gaming industry, today announces its Key Performance Indicators (KPI's) for the quarter ended 30 June 2008 and also provides an update on current trading. "The second quarter of 2008 was a further significant period of growth for Playtech. The Company reported revenues of $42.4 million, representing an increase of 75 percent on the corresponding quarter in 2007 and a nine percent increase on the previous quarter. This level of performance, particularly considering the impact of the Euro 2008 football tournament and traditional seasonality, is very impressive with licensees continuing to win relative market share. For the year to date, total revenues have increased by 85 percent. The Company has had a good start to July with further continued growth in both casino and poker. With organic growth and the launch of new licensees in Q3 and beyond we look forward to a strong quarter and the Board is highly confident of the prospects for the full year." Mor Weizer, Chief Executive Officer Financial Highlights - Record revenues for the quarter totalling $42.4 million, representing an increase of 75 percent on the $24.2 million earned in Q2 2007 and an increase of 9 percent on the $39 million achieved in Q1 2008. - Casino revenues totalled $30.8 million, an increase of 77 percent from $17.4 million in Q2 2007 and an increase of 13 percent from $27.2 million in Q1 2008. - Poker revenues totalled $11 million, an increase of 74 percent on the comparable 2007 quarter and in line with Q1 2008. - Total revenues for H1 2008 were $81.4 million representing an increase of 85 percent from the $44 million in H1 2007: - Casino revenues increased by 78 percent compared to H1 2007 to $58 million. - Poker revenues increased by 109 percent compared to H1 2007 to $22 million. - July has started well with further growth in both casino and poker. For full report go here: http://www.playtech.com/html/index.php?page=11&id=194

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