Playtech Limited Reaches A Triple Digit Growth

The leading online gambling software developers, Playtech Limited, have recently announced that they have reached a record high growth. For the first 6 months of 2023, they have a seen a growth increase of 101% for a total of almost $200 million. This is the biggest growth that they have ever seen.

The Growth

The first-half brought in a total income of $229 million which represents a 86% growth year-on-year. Adjusted earnings saw a rise of 64% if compared to the same period last year for a total of $118 million. Playtech’s net profit of the last 6 months period was of $109 million. This represents an increase of 67% year-on-year even though the tax profits saw a drop of a little over 30% if compared to the beginning of last year’s initial half.

Keep Pushing On

Playtech have declared that they have made a very strong start for the 3rd quarter of this year. They said that they have a daily revenue increase of 25% compared to last year’s same time period. They are extremely happy with their performance and count on keeping it going up in a straight line. They are looking forward to see its’ full year results and seem to be confident that they will be very good. Even though the regulatory changes in Spain arose a little issue, they remain confident that it won’t affect their market shares by much.

Words Of Playtech’s CEO

After announcing these great news, Roger Withers, the Non-Executive Chairman for Playtech, shared the following words at a press release: “It has been an exciting six months for the company and I am delighted to report that Playtech continues to deliver impressive results,” said Roger Withers, Non-Executive Chairman for Playtech.

I am particularly pleased that the company completed its move to the main market in early-July. Playtech’s multi-channel approach strengthens its market-leading position allowing it to maximise the potential for growth in newly-regulating markets in addition to enhancing existing relationships with traditional operators.

In the first half of the year we recognised the growing importance of the social gaming sector and positioned ourselves to penetrate the market through innovative software licensing arrangements. Despite the uncertainty surrounding the future of European and United States regulation, the company is ideally positioned to take advantage of changes in the online gaming market through further expansion of its joint ventures and organic growth strategy.

Playtech is the supplier of choice for technology and services for the worldwide online gaming industry and we look forward with confidence to building on our positive momentum.”