Playtech Records Revenue Rise in Asian Market Second Year in a Row
It has been a back-to-back success for Playtech and the company’s operations in Asian grey and black market in 2015 and 2016, financial reports have confirmed.
Positive Financial Reports
Having registered a 49% jump in revenue back in 2015 from its single biggest gainer in Philippines which accounted for nearly two-fifths of the total last year’s revenue, Playtech has once again seen a significant rise in Asian grey and black markets.
A double-digit revenue gain was recorded in 2016 as well, with a rise of 12% to nearly $750 million last year, whereas the adjusted earnings rose to nearly $320 million.
In a contrast to its regulated market, which provided 42% of Playtech’s 2016 gaming revenue, grey and black markets – especially in Asian countries – remain the main source of the company’s growth.
And once again, like in 2015, the Philippines-based operators from the Asian black market made a significant part of Playtech’s revenues – 40% of 2016’s revenue and $272 million in total.
Casino Section Drives Forward
According to company’s reports, it was the casino vertical that drove Playtech’s financials forward. Mobile casino revenue was of particular influence as it more than doubled year-on-year, whereas most of the company’s gaming verticals – including the sport division, iPoker section and bingo.
Last year, 2016, was a busy one for Playtech who acquired Best Gaming Technology, together with BGT, Consolidated Financial Holdings, Quickspin and EMC Systems.
The acquisition trend continued this year as well as Playtech purchased Eyecon earlier this month.
In one of the latest news relating to Playtech’s operations increase, the company teamed up with Captain Up in effort to enhance its client-retention ability and to make sure it remained on the forefront of the gambling industry in the future.