Monthly Archives: February 2016

Playtech reports strong results for 2015

Software giant Playtech has reported double-digit growth in revenue for 2015, with a single adjustment due to UK tax regulations leading to a slight dip in profits in that market. When reporting its preliminary results the company indicated a 38% growth in revenue to the tune of €630.1 million in 2015, with adjusted earnings up 22% at €251.9 million.

The UK’s newly implemented Point of Consumption tax did however affect pre-tax profits which declined by 1% to €142 million. The organisation was however reportedly bolstered by a solid underlying performance from its gaming division.

According to Playtech chairman Alan Jackson, 2015 was a busy year for the company but their operational performance was the strongest yet which led to the increase in reported revenues. He added that Playtech’s gaming division continued to drive the company’s growth through market leadership.

Playtech’s pipeline of opportunities looks promising and Jackson commented that the company expected to see significant wins in 2016 which will be led by their omni-channel offering in both existing and new regulated markets.

Playtech has already made good on these promises in 2016 and with their gaming revenue up 12% in the first two months of 2016 compared to the same period in 2015, if the trend continues it will be a good year for them.

In spite of the organisation terminating prospective acquisitions of Ava Trade and Plus500 late in 2015 and a slight drop in their financial division’s revenues because of it, Playtech is still looking to make new, profitable acquisitions this year.

Industry Competition – Why it’s good for Players

The online casino industry has always been a highly competitive one, but as the markets have changed in recent years, with some countries banning online gambling and others opening up the markets through licensing and regulation, so we have seen competition increasing amongst software providers and casino operators alike.

While those working in the industry have been dramatically affected by mergers and acquisitions as well as increased competition for market share as the online gambling landscapes continually shift, players are seeing great benefits. Here’s why.

A range of options & better access

Even though some online casinos have been forced out of certain markets due to online gambling laws, or regulation, there are still a number of properties in each of the licensing jurisdictions for each market. This means that players can pick and choose where they want to play, and now more than ever online casinos are competing to win their patronage.

In this fierce battle, online casinos are continually improving their offerings so as to attract new players and retain the loyalty of regular players. In this type of environment the player will always benefit.

Another great thing about the competitive arena casinos find themselves in is that they are continually striving to outdo one another, this means more features and development in the area of expanding their offerings than ever before. In just a few short years we have seen online casinos expanding into mobile offerings which means that you can play from anywhere in the world from your mobile or tablet device.

Faster Payments

Gone are the days that players have to wait weeks for payouts to be processed and for the cash to arrive in their bank accounts or e-wallets. Nowadays in a bid to remain competitive, you’ll find that some online casinos cashout your winnings in minutes.

Increasing Number of Awesome Slots Titles

As part of their strategies to entice players to their various operators’ casinos, casino software developers continually strive to bring fresh, new content to their games offering. This has never been more evident than in the last year or so and particularly in the last few months where we’ve seen the major players vying for some huge bragging rights in terms of licensing agreements for slots titles.

Playtech has announced a partnership that will see it produce four new DC Entertainment brands including Superman I and II, Man of Steel and Green Lantern Slots, these in addition to the eagerly awaited Top Gun Slot. Microgaming will be releasing the Jurassic World slot as a sequel to its smash hit Jurassic Park slot (and this on top of Terminator and Bridesmaids in recent years). NetEnt is also not being outdone with a Rock Slots trilogy planned that includes the recently launched Guns N’ Roses slot that will be followed by Jimi Hendrix and Motorhead slots in their forthcoming games line-up.

And the year has only just begun…we’re sure to see a number of exciting branded slots deals going down in addition to these thrilling games.

Better Overall Offerings & Service

With the web’s most reputable online casinos investing multi-millions in the acquisition of players, and competition being so tight, keeping players loyal and playing is a major concern to casinos. This means that customer support teams work extra hard to resolve any issues that may arise and players are generally treated to better bonuses, promotions and offers than ever before.

As you can see, there has never been a better time for you to play online, and with the way things are going, players will keep on benefitting.