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UK – Playtech grows by 16 per cent in 2013

By - 24 February 2014

Revenue was up by 16 per cent at Playtech coming in at €367.2m for the year ended December 31 2013.

Alan Jackson, Non-executive Chairman of Playtech, said: “Playtech has once again delivered an exceptional performance. The company has focused on deepening its licensee relationships; creating innovative new content; improving its products across web and mobile, and providing its customers with cutting edge products and services. As online gambling continues to develop, it is pleasing to see Playtech’s investment in mobile and further product development paying-off.  I am delighted to announce the payment of a substantial special dividend totalling £100m in addition to the recommended 15.4 € cents final dividend, bringing the total dividend for 2013 to over €188m. Playtech has further strengthened its position as the world’s leading supplier of technology and services for the online gambling industry and the Board looks to the future with confidence and optimism.”

Playtech has made a strong start to 2014, with daily average revenues for the first seven weeks of 2014 up over 15 per cent on the first quarter of 2013 and over four per cent on the fourth quarter of 2013.

This period has included the successful sale of Playtech’s 29 per cent stake in William Hill Online for approximately £424m, landmark agreements with Ladbrokes to provide a full product suite including the Vegas tab, Mobenga, and Geneity sports system and poker in Spain in the second half of 2013, and launched live casino in January 2014.

Five sports betting companies now launched on Geneity platform, which is gaining strong

momentum. Unibet has launched poker in France, Caliente has launched poker and casino in Mexico, live casino in Spain being delivered in partnership with Casino Gran Madrid whilst Paddy Power has migrated its live casino to Playtech including a dedicated facility and Betfair has completed its migration onto the iPoker network, . Playtech has also launched social gaming platform Wild Spin Casino on Facebook and won competitive tender to supply casino, poker, bingo on both web and mobile with Holland Casino in preparation of forthcoming regulations in the Netherlands.

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