Playtech has long been one of the leading software providers to the online casino industry and in recent years the group has really lived up to its slogan “Source of Success” by performing phenomenally well thanks not only to its popularity amongst casino players but also due to a number of additional factors including the sale of its stake in the joint William Hill online venture for which it received a sum of £424 million earlier this year.
The group also recently released figures for the first half of 2013 which showed a 13% increase in earnings and a net profit of €67.9 million. According to a spokesperson for the company, the group is on track to meet full year expectations.
Playtech CEO Mor Weizer commented that with €500 million in the balance sheet and access to more than €100 million in credit facilities the group is in a very good position and expects to use these funds to take their offering to the next level.
So what does all of this mean for players? While all of the details have not yet been revealed, Playtech has announced that it will be expanding its product line extensively through a variety of bolt-on acquisitions and strategic alternatives that will assist in growing the business.
Recent reports have also revealed that there are plans to move aggressively into the mobile arena so you are sure to see improvements in overall gaming experiences for smartphone and tablet devices when playing at Playtech powered casinos.
Looks like it there will be exciting times ahead at Playtech powered online casinos, so watch this space for more!
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