Playtech Announces Q1 Results and Looks to New Markets

One of the biggest names in online casino software is Playtech. If you have a favourite casino site then there is a fair chance that it uses this firm’s hugely popular software.

They recently released their financial results for the first quarter of 2012 and they show that their sold growth is continuing into this year.

For a start, gross income has shot up a staggering 90% compared that the 1st quarter in 2011, to a total of €88.4 million. This is also 13% up on the final quarter of last year.

The company’s total revenue increased even more – 104% when compared to the 1st quarter from last year - to €75.1 million. This was 8% higher than in the 4th quarter of 2011.

The one negative point in their results was the drop in poker revenue, from €5.7 million in the 1st quarter of 2011 to €5.3 million this time around.

Denmark, Germany and Spain Next

These figures pretty much bear out the feeling that online casinos are booming and the notes that come with them show that even further growth is expected in new markets shortly. For example, The Danish market has recently been regulated and is now set to receive sites which use Playtech software; namely Betsson, Unibet, Sportingbet and Bet365. Similarly, German players will soon have an online gaming site through Playtech and Merkur Interactive GmbH.

The Spanish online gaming world is also set to go into overdrive shortly, and Playtech say that they have a number of licensees ready to get going when the market opens up later on in 2012. All in all, it looks like 2012 will continue to be a good year for online casino software developers like Playtech.