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12.5 % REVENUE INCREASE

Playtech posts big rise in turnover

Playtech has posted a significant increase in full-year turnover after citing a strong performance by its gaming division. Gaming revenue rose by 21 %, helping total revenue to increase by 12.5 % to € 708.6 million for the year through to December 31, 2016, up from € 630.1 million the previous year.

Playtech posts big rise in turnover

The company, which provides software for sports-betting and online casino, also reported a 20-% increase in earnings before interest, tax, depreciation and amortisation to € 302.2 million, and a marginal rise in like-for-like net profit to € 206.2 million.

"Playtech has continued to successfully execute its strategy for strong operational and financial performance, strategic M&A and shareholder returns,” Playtech chairman Alan Jackson said.

"The gaming division once again delivered very strong growth. Sports saw a good second-half performance following the acquisition of BGT with the newly-formed Playtech BGT Sports bringing together all aspects of the Playtech's sports offering creating a fully-integrated, best-in-class sports betting technology.”

"Management remains confident of a strong performance in 2017 and beyond."

Source: GMB / iGamingbusiness.com