Playtech has reported a healthy start to the year with a 23 per cent year-on-year increase in like-for-like daily average revenues for the first nine weeks of 2012.
Total revenues for the year ended December 31, 2011, are up by 46 per cent to €207.5m. In order to maximise the potential for revenue growth and market share in newly-regulating markets, the company's strategy will centre on developing three key elements: products and services, turnkey solutions and joint ventures, "regardless of how each jurisdiction chooses to regulate."
"Playtech has continued to focus on regulated markets with organic development and targeted acquisitions that will ensure it can take best advantage of the opportunities created by the structural changes underway across the worldwide gaming industry," said Roger Withers, non-executive chairman.
Continuing to pursue its strategic goal to qualify for a premium listing on the London Stock Exchange, the company and its advisors have undertaken a significant amount of work to prepare and expect to make the move "as soon as possible."
Withers added: "Playtech looks forward to an exciting year ahead with potential new joint venture partnerships, new licensee prospects and a commitment to joining the Main Market."
