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Casino News October 2007 Q3 Result for Prominent Online Gambling Provider
Casino News October 2007 Q3 Result for Prominent Online Gambling Provider
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| Q3 Result for Prominent Online Gambling Provider |
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As many online casino companies have recently reported significant third quarter results, Playtech was simply not to be outdone. Across the board Playtech has announced increased growth, and in some areas the company even topped previous revenue growth records. New licenses and pending deals are the cornerstone of the company’s stellar third quarter report. Playtech has taken the U.S. online casinos ban in stride and shown a remarkable ability to adapt and expand in new markets in an exceedingly small period of time. The Asian licensees are an area that showed significant growth and great potential for continued growth next quarter. As Asia begins to grow its small online casinos market, Playtech is there offering turnkey solutions and targeted gaming options. The Q3 report highlighted that revenues from Playtech’s current Asian licensees is up 14 percent over Q2 of this year. And beyond just the expansion of online casino turnkey services in new emerging markets, the expansion of the company’s internet poker services attributed to outstanding Q3 results. Playtech added the established and well-branded Bet365 to the Playtech iPoker Network. This addition added significant additional value to the company’s online casinos poker network. The CEO at the online casinos turnkey provider, Mor Weizer, remarked "The Company continues to focus on adding successful and high profile licensees, such as Bet365, and also on growing its market share in Europe and Asia.” He also noted that Playtech “expect[s] to see further growth and [is] confident of meeting…expectations for 2007 and beyond." |
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Thursday, 09 September 2010
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