01.31.09
PlayTech Revenue Soars
This seems to be a surprise news for every one. Till now we heard that companies are badly effected with on going current crunch and some companies going bankrupt. This is the first time and after long time we are hearing a company making healthy revenues.
The online gambling software maker, PlayTech has announced a rise in their revenues for the quarter at €31.5 million, up 52% from 2007’s fourth quarter.
PlayTech is known for making quality gaming software.
Playtech enhanced its European exposure recently when it entered the regulated Italian poker market at the end of December. While the venture was a late fourth-quarter addition, Playtech stated that early results indicate that “the Italian poker network has proven to be significantly revenue enhancing and above management’s expectations.”