Playtech had upbeat news for investors in its interim report, which ended June 30, 2008. Total revenues for the London-based software developer skyrocketed 85 percent from $44 million in 2007 to $81.4 million.
Casino revenues climbed up 78 percent from $32.6 million to $58 million, and poker revenues more than doubled from $10.5 million in ’07 to $22 million.
“Playtech is ideally placed to capitalize on the opportunities provided by the fast-growing global gaming market,” said Mor Weizer, chief executive of Playtech, in a prepared statement. “The company has potential for far more significant growth, and its unique business model places it in a strong position.”
Playtech’s strength can be attributed to the 10 new license agreements that have been signed this year. The company expects even more licenses will launch during the second half of 2008.