Playtech has published financial results for the first quarter of 2008, boasting record quarterly revenues of $39 million, representing a 97 percent increase on the $19.8 million earned in the first quarter of 2007 and an increase of 19 percent on the $32.7 million achieved in the fourth quarter of 2007.
Chief executive Mor Weizer told The Financial Times that Playtech plan to push more aggressively to win business from its competitors. “Up until now we were pretty much focused on reactive sales,” he said. “We’re now becoming more pro-active. We just believe we can leverage our market-leading position better.”
Weizer added that the company has about $90m to spend on acquisitions.
Playtech's £1 billion market capitalization makes it the third largest company on the London Stock Exchange's Aleternative Investment Market. The company intends to move to the main market.