Playtech reveal income increase

iders Playtech have reported a 90% year-on-year increase in gross income for Q1 2012.

The firm saw income for the three months ending 31 March 2012 rise to €88.4m, up from €46.6m in the same quarter last year.

Total company revenues rose 104% from €36.7m to €75.1m, aided by a 7145% increase in revenues generated by the group’s services division.

Videobet revenues were up 171%, casino rose 35% and bingo increased 26%, although poker revenues dropped by 6%.

Playtech chief executive Mor Weizer said: “Playtech has made an excellent start to 2012. Year-on-year growth across all our products has been strong, with the exception of poker.

“Although we anticipate a seasonal slowdown during the traditionally weaker summer months, I believe that the company is well-positioned to maintain the momentum into the rest of the year.”