Operator Talk: Playtech CEO maps out future growth plans after record 2014

Operator Talk: Playtech CEO maps out future growth plans after record 2014

Wednesday, March 4, 2015

Mor Weizer, Playtech’s chief executive, has opened up about the gaming software and services supplier’s plans to build on the record revenue it posted during 2014.

Full-year revenue at Playtech in 2014 amounted to €437m ($518m), a record figure that was 24-per-cent higher than the 2013 total.

Adjusted earnings before interest, tax, depreciation and amortisation was also up 30 per cent year-on-year to a record high of €207.1m, while adjusted net profit attributable to the owners of the parents jumped 29 per cent to €190.8m.

Weizer said that although Playtech was able to deliver a “very strong” financial performance in 2014, it is important for the company not to rest on its laurels and instead pursue further growth opportunities this year.

“Playtech delivered a very strong financial performance, driven by casino, sport, land-based services and mobile with strong organic strong across the board and an impressive contribution from new business,” Weizer said.

“In the second half of the year, we signed a number of new licensees and meaningfully extended our contracts with others. This momentum has continued into 2015. Regulated revenue has grown at a faster rate than unregulated revenues and increased its share of revenue.

“Given the changes and transitions that are taking placing a number of regulated markets and the strength of unregulated markets in certain parts in particular, this is an amazing achievement.”

Considering how Playtech will achieve further growth this year, Weizer outlined a number of factors that could soon have an impact on this strategy.

“There is a strong pipeline of new customers and contract extensions across a number of verticals that we would hope to conclude in the coming months,” Weizer said.

“Playtech ONE (Playtech’s newly re-branded multi-channel solution) is attracting attention from both licensees and non-licensees alike and we believe will become a more important product of our offering in time.”

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