Joined: Mar '12
Location: United Kingdom
Age: 53 (M)
Posts: 153
LONDON (Reuters) - Online gaming software group Playtech posted a 64 percent rise in first-half core earnings on Thursday helped by demand for bingo products and casino games like blackjack, roulette and slots. Playtech, which moved to the main list in July, develops software platforms for online and land-based games for clients including Paddy Power and Gala. It also has a 29 percent stake in William Hill Online, the future of which it is discussing with William Hill. The group reported adjusted earnings before interest, tax, depreciation and amortisation of 91.2 million euros (72.16 million pounds) for the six months to end-June on total revenues which doubled to 153.8 million euros. It said it had made a strong start to the third quarter, a traditionally quieter period, with daily average revenues up over 25 percent versus the comparable period. "The directors look forward to the full year outcome with confidence, but are mindful of the impact of the regulatory changes in the Spanish market and the increased costs associated with various software development initiatives, including mobile and social gaming," the company said in a statement. It is paying an interim dividend of 7.8 euro cents per share. (Reporting by Paul Sandle; Editing by Neil Maidment)
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Is this normal?Off course,uncertain economy increase gambling and crimes so a booming industry Online especially,agresive advertize work on average dude psihic leading him where they want We are doomed.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Thats why governments all over the planet try to put their hands on that money. Cause its lots of them. And thats one company's half year earnings. Imagine the total amount that comes from all sorts of online gambling
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Nice to see that UK gaming is doing good and it should do so considering the UK gov is one of the few that don't have thoughts of banning online gambling!
Too bad that other govs can't see what a great source of income online gambling companies could be.
