2011 Half Year Results Reported By Playtech

World leading online gambling software provider, Playtech recently released a report on their financial results for the first half of the year. Despite a withdrawal from the French online gambling market, an estimated impact of $7 million, Playtech revenue registered an 18% increase between January 2011 to the end of June 2011. Revenues were up 5% from $72.9 million to $76.3 million.

 

Playtech has made many announcements for the future, and players have been pleased with them. In the report, three major deals signed were referred to. Playtech acquired PT Turnkey Services in July and have already begun to benefit from it. With the acquisition of the mobile specialist Mobenga, Playtech will be breaking into the mobile gambling market. The most recent deal Playtech has made is a 10 year supply deal with Gala Coral.

 

CEO of Playtech, Mor Weizer said that in early 2012, Gala Coral would be launching a number a Playtech’s products at their online casinos. The objective over the next while will be to replace all of Gala Coral’s existing products and suppliers with Playtech. Weizer has commented that this 10 year deal cements Playtech’s reputation as being the best choice for online casino software products and supplies.

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