After reporting record first-quarter revenues, Playtech, the world's largest publicly traded online gaming company, plans to push more aggressively to win business from competitors and grow its P2P games network in the fast-growth market of Asia.
The AIM-listed company, which has not yet disclosed its bottom line figures for the first quarter of 2008, said revenue totalled a record US$39m, up 97 per cent on the $19.8m earned in the comparable period last year.
Playtech has signed nine new licence agreements since the start of the year and launched two licensees at the end of the quarter, resulting in its iPoker network becoming the largest non-US poker liquidity pool in the world.
The group continues to expand its product offering with the soft launch of its Asian P2P games, which are currently being tested by one of its Asian facing licensees. Full roll-out of the games is expected to occur during the second quarter.
Commenting on the key performance indicators, Playtech CEO Mor Weizer said: "The group continues to pursue significant business opportunities across all the regulated markets and the board is highly confident regarding the group’s trading performance for 2008 and beyond."
