Playtech Acquire betting Software
19th March, 2009
Playtech are one of the UK's leading online gaming software providers and have recently acquired a new sports betting software from Player2Players. Famous for their awarding winning internet gaming solutions , Playtech recently merged with William Hill to create William Hill Online.
However both companies will still operate separately. The new sports betting software acquisition will be integrated into their exiting product portfolio. The companies released their financial results for 2008 showing how well they had performed throughout the year.
Total revenue for 2008 was €111.5m, a massive 70% increase on 2007. The brand success has been down to improved results in casino and poker sectors. Playtech's very own Italian network was also launched last week which is expected to perform well in 2009.
Daily earnings in 2009 are already up on average by 8% when compared to the 4th quarter of 2008. William Hill online has also been performing well, with the site now operating a total of 8 different sites.
By Jamie
