Playtech Celebrates Strong Revenue Growth in 2015

jim coulson
Written by Jim Coulson
Published on Tuesday 1st March 2016, 12:17 pm
Posted in: Casino Business

Casino Business

Leading casino software manufacturer Playtech has revealed its revenues grew by 38 percent in 2015, although profits were down by around one percent following the introduction of the UK’s point of consumption tax. The 15 percent levy, which affects any company providing online gambling products to UK customers regardless of where their operations are based, has been cited by Ladbrokes and William Hill as a reason behind their disappointing financial results for last year.

Playtech received revenue of €630.1 million (£489.9 million) during the year to 31st December, with adjusted earnings leaping 22 percent to €251.9 million (£195.8 million). The Isle of Man-based firm’s chairman Alan Jackson paid tribute in a press release to the gaming division for driving the impressive results, before predicting the company would continue to grow in 2016 in both “existing and newly-regulated markets.”

Playtech has announced a tie-in with DC Comics to produce slots in 2016 based around the Christopher Reeve Superman films, 2013’s Man of Steel, the Adam West Batman TV series from the 1960s and Green Lantern. The titles are eagerly anticipated by comic book fans and will sit alongside the company’s Marvel games such as Iron Man, Thor and Incredible Hulk.

The new year has already started strongly for Playtech, with the gaming division reporting average daily revenue worth 12 percent more than during the first three months of 2015 and two percent higher than the final three months of last year.

To see why the company is performing so well, you can spin the reels of Playtech slots right now at William Hill Casino, Paddy Power Casino and Betfred Casino.

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