Playtech Limited
25 April 2006
25th April 2006
Playtech Limited
First Quarter Trading Update
Playtech, the international designer, developer and licensor of software for the
gambling industry, today announces a trading update for the first quarter of
2006.
The Board are pleased to announce a very strong start to 2006 with revenues
ahead almost 150% on the same period in 2005. Playtech's Casino offering,
currently the main revenue generator, made a strong contribution, growing 136%
on Q1 '05 and 34% on Q4 '05. There has been particularly encouraging progress in
the contribution from Poker as the company has focused on developing its
offering.
Commenting on the announcement, Avigur Zmora, Chief Executive Officer, said:
'During the quarter, which has included the Company's IPO, we have significantly
increased revenues across all of our sectors, both year on year and compared to
the previous quarter. Based on this increase, and the underlying growth of
existing clients, we are delighted to have traded in the first quarter of 2006
ahead of market expectations.
'It is particularly encouraging to see that our drive into the exciting and fast
growing Asia Pacific market is showing clear results. Revenue contribution from
this region has more than doubled within the year whilst US players this quarter
contribute approximately 50 per cent of revenues, down from 67 per cent this
time last year. This clearly illustrates the ongoing success of our strategy to
create a more balanced geographical business portfolio.
First Quarter Highlights
Q1 Q1 Q4
2006 2005 2005
'000 '000 % Change '000 % Change
Revenues
Total Revenues $20,767 $8,402 + 147 % $15,312 + 36 %
Casino Revenues $18,136 $7,676 + 136 % $13,493 + 34 %
Poker Revenues $2,090 $166 + 1159% $1,249 + 67 %
Licensees
Number of Licensees 39 31 26 % 38 + 3 %
Number of Game Sites 115 90 28 % 109 + 6 %
Income by Players Q1 Q1 Q4
Geography 2006 2005 % Change 2005 % Change
North America 53 % 67 % - 14 % 53 % 0 %
Europe 24 % 18 % + 6 % 23 % + 1 %
Asia Pacific 21 % 7 % + 14 % 22 % - 1 %
Rest of the World 2 % 3 % - 1 % 2 % 0 %
- ends -
Analyst conference call
An analyst conference call has been organized for 9.30 am GMT today hosted by
the Chief Executive Officer, Avigur Zmora.
The dial in details are: 00 44 208 515 2399.
For further information:
Avigur Zmora,
Chief Executive Officer, Playtech Ltd
c/o Bell Pottinger + 44 (0) 207 861 3232
Bell Pottinger
David Rydell/Peter Otero + 44 (0) 20 7861 3232
Notes to Editors
The Playtech Group designs, develops and licenses software for the gambling
industry.
Founded in 1999, Playtech has grown rapidly since inception; from 2 licensees in
2001 to 40 today (one licensee has joined since the end of Q1). Its platforms
support 94 online casinos, 15 online poker rooms and 15 online bingo sites. The
company listed on AIM in March 2006.
Revenues have grown from approximately US$12.9m in 2003 to US$47.6m in 2005 with
profits growing from US$8.3m to US$35.6m respectively.
Licensees include online operators who have migrated their gaming systems onto
the Playtech group's platform, such as Intercontinental Casinos, traditional
land-based organisations such as Christchurch Casinos and sports betting
operators such as Bet365, the Tote, BetWWTS.com, SportsInterAction and BetFred.
This information is provided by RNS
The company news service from the London Stock Exchange
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