First Quarter 2014 Playtech Financial Results Released
May 7, 2014
In the online gambling world, and the online casino industry specifically, there are a lot of moving parts. The casino software providers license out games and software packages to operators, the operators work on promotions and advertising, and payment processors have to handle moving funds back and forth. On top of that, you have the regulatory bodies and everything that's going on with the legal issues in all of the different areas of the world. Because there's so much happening, it can be hard to get a good overall picture of what the industry is doing in terms of growth.
One source of information that's always reliable on this front is to look at the financial results of the major casino software companies. The reason for this is that you can see what kind of growth they have been seeing, and you can actually break down other parts of the online gambling industry in a similar way. Playtech has released their financial results for the first quarter of 2014, and the information that it gives is very telling of how the industry is doing as a whole. When you compare it to the first quarter of 2013, you'll find that Playtech picked up a 17 percent level of growth in their online casino product. This indicates that the online casino industry is doing very well.
So what caused Playtech so much growth? There are two things that could be behind some of it. First off is that they revamped their live dealer games, and now players have a much better selection to deal with and much high-quality games to play. On top of that, Playtech (like many casino software developers) have turned to putting more resources into their mobile products. This has lead to an increase in their mobile revenues, and that's very important because mobile is the fastest-growing part of the online gambling industry right now.
Playtech is one of the two largest and most successful online casino software companies in the world. They are considered one of the two true juggernauts in the business, and they have lasted for several years. With such a rich history in this industry and with such a good track record, it's really important that Playtech's financials be taken as serious evidence of how the industry is doing overall. You can't deny their growth, and that indicates growth in the industry as a whole.