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Playtech Catching up to Partygaming
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15-Jun-2008, 14:31
Playtech, the world’s biggest publicly traded online gaming software supplier, saw further strong demand for its casino and Poker games in the first quarter. Playtech recorded 14.4 per cent growth in revenues over its monthly average in the fourth quarter of 2007, leaving Mor Weizer, chief executive, confident it would meet expectations for 2008.
On Tuesday, the group said average daily royalties in January 2008 showed 11.7 per cent growth over the average in the fourth quarter of 2007 and momentum continued in February. Playtech has expanded recently on the back of the launch of its iPoker network, which has started to catch up with PartyGaming, the online gaming market leader. Revenues for the year to December 31 were in line with expectations, rising from $90.1m to $103.6m (£52.3m).