Profit of Playtech soars 55 pct

The developer of online games and gaming environments Playtech has posted a profit of 41 million euros for 2008, which marks a 55% increase over the profit earned in the year before.
Playtech’s total revenues surged 70% to 112 million euros. The casino business gave 79 million euros and poker 30 million euros of revenues.
Playtech signed 15 new license agreements during the year.
The company observed in the report that the first months of 2009 have been successful for it as revenues have moved up in comparison with the end of 2008.
Playtech’s share has made gains in recent days and traded at four pounds sterling on Thursday.
Playtech does much of its development work in Estonia.

Source: Estonian Review

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