It is very commonly noted that a number of poker companies are reporting deficiency in resources due to the global economic crisis; however, in the current climate regardless of global money meltdown, Playtech has found a way to perform In the past week, Playtech revealed its fourth-quarter 2008 Key Performance report, which revealed a record break revenue and growth. The overall revenue for the quarter came about at 31.5 million euros…
which has increased up by 52% when compared with the fourth quarter of 2007.
The development of revenues from its casino and poker industry units did pretty well equal up and were at par. Casinos made it to 52% and poker made it to 48% respectively.
The development for the company is one of the strongest in the Asia Pacific zone, where the revenues were increasing by 141%. Asia Pacific region contributed to 28% of the revenues bagged by Playtech in the fourth-quarter revenues; however, Europe contributes to 66% of the overall income. The European dominance is partly because Playtech entered the regulated poker market in Italy. And the Italian poker market has undeniably proven to be the revenue maker for Playtech.
The Chief Executive, Mor Weizer, had to say that they have Once again made a winning quarter in terms of their operations and their strategies. He also added “We will continue to grow the business and make the most of the opportunities presenting themselves.”
Playtech is working ahead with a number of key strategic initiatives for their success in the next quarter and we are yet to see how they fair despite the global money meltdown.
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