During the second quarter of this year, gross revenues for Playtech have reached 44.5 million Euros. This performance represents an increase of 34% compared with results from the same period in 2009. Similarly, over the first quarter of 2010, revenues increased by 2%.

The reasons for this increase

To explain these good results, the group has stated the launch of its poker network in France. It also said that several new licensees should soon join its platform. In addition, Playtech also added the launch of its bingo network in Italian.

A normal decline early in the third quarter of 2010

During the first 26 days of the third quarter of this year, group revenues fell 12% compared to the previous quarter. However, these results are not alarming. They reflect only the impact of the end of the football World Cup and the beginning of the summer vacation.

The rise of the virtual casino

The activity of the online casino Playtech is good with revenues of 24.9 million Euros, an increase of 34% compared to 2009 and 3% compared to the first 3 months of this year.

Decreased activity of online poker

However, the poker industry has decreased with only 7.3 million Euros representing a decrease of 13% over the same period of the previous year and 15% compared to the first quarter of 2010.This decrease was due to the football World Cup and a fall of activity caused by the beginning of summer.

The success of online bingo

In terms of the activity of online bingo, it has reported 2.8 million Euros for Playtech, an increase of 61% compared to the first 3 months of the year. This strong performance can be explained by the acquisition of Virtue Fusion.

To learn more about this software developer of online gambling, please visit our presentation Playtech.