Playtech makes record yearly revenue

ider Playtech has posted record annual revenue and record earnings on the back of acquisitions and partnerships for the full year 2014.

A 24% increase in revenue to €457m has been posted, as well as a 30% rise in EBITDA to €207m.

Of the revenue increase, 13% is derived from existing businesses, including strong growth in mobile casino, sport and Asia, 7% from new businesses and 4% from acquisitions.

Adjusted net profit improved 29% to €190.8m, while cash balances of €692.3m are up from €527.4m in 2013.

Last year saw operator Ladbrokes complete its migration to Playtech's full product suite, while Playtech also purchased fellow supplier Aristocrat Lotteries

Other deals saw Playtech acquire casino operator Euro Live Technologies and invest £10m in UK operator BGO.

Playtech non-executive chairman Alan Jackson said: "Playtech has continued to deliver exceptional performance by focusing on consolidating its position as the world's leading software and services provider to the online gambling industry.

“By expanding its licensee relationships, creating innovative new content, enhancing its products, and deepening its customer focus, the business has continued to thrive.

"The continued momentum of 2014 has been maintained in the first two months of 2015 and the board looks to the future with confidence and optimism."