Playtech revenues up 24% in record breaking 2014

iGaming technology supplier Playtech Plc reported a record breaking 2014, as the firm achieved record annual revenues and earnings, seeing growth throughout all of its product channels.

2014 full year results saw Playtech record a revenue increase of 24% €457 (FY 2013 – €367 million), the strong revenue performance translated to EBITDA profits of €207 million up 30% on 2013 €159.4 million.

Its record performance sees Playtech enter 2015 with a cash balance of + €690 million, as company governance was able to announce to investors a 2014 final dividend of €17.4 (2013: €15.4).

Playtech management confirmed that 2014 strong momentum has transferred into 2015, with the operating recording average player revenues up 22% on Q1 2014 and up 5% on Q4 2014.

Operational Highlights

Playtech strategic partnerships had been of particular success during 2014. The firm’s management noted the completion of Ladbrokes digital migration to Playtech’s platform and product suite as a major corporate achievement for 2014.

The technology supplier had also signed multi-content provision partnerships with major operator such as Coral, Skybet and Holland Casino.

During 2014 Playtech had entered the international lottery market by acquiring successfully Aristocrat Lotteries, creating the world largest CLT software business. Further acquisitions saw Playtech invest a 33% stake in UK igaming operator BGO.

Other significant 2014 launches included

• Ladbrokes: Live; Spain and Belgium including sports; as well as Denmark
• Gala interactive in Sweden
• Mobile poker in France
• Innovative Live offerings for Skybet and RAY
• Launch of new BIT solution

Playtech Non-executive Chairman  Alan Jackson commented on 2014 Performance

“Playtech again achieved an exceptional performance, with total revenues up 24% to €457.0 million and Adjusted EBITDA increasing 30% to €207.1 million, demonstrating further progress in executing our proven strategy”

“Playtech’s impressive results have been achieved through the continued growth of its flagship casino product, supported by strong growth in sport as well as expansion of our mobile and land-based offerings”.

“It is also pleasing to see a progressive improvement in the proportion of revenues generated from regulated markets. The industry is in the midst of a transition towards regulation and the Group is ideally placed to continue taking advantage of this trend.”