29th Oct 2015 07:59
LONDON (Alliance News) - Playtech PLC on Thursday said it has seen a strong trading from both its gaming and financial divisions in the third quarter of 2015.
The gaming division's revenue increased by 23% to EUR143.4 million in the third quarter of 2015, while the financial division's revenue amounted to EUR27.5 million in the period without a prior year comparison. Overall, third-quarter revenue increased by 47% to GBP170.9 million.
It expects regulatory approval for the acquisition of Plus500, a contracts-for-difference provider, by the end of November, while it is formally challenging the Central Bank of Ireland's decision to oppose its acquisition of contracts-for-difference broker Ava Trade.
"Our gaming division continues to enjoy double-digit underlying growth with our strong pipeline of opportunities giving us confidence in maintaining our momentum. Our financials division had a strong quarter driven by customer acquisition, with a focus on our direct marketing channels, and we hope to complement our growth with the completion of the acquisitions of Plus500 and Ava Trade," Chief Executive Mor Weizer said in a statement.
"Given the strength of our business and the momentum that we are enjoying, we have confidence for the remainder of 2015 and beyond," Weizer said.
By Samuel Agini; [email protected]; @samuelagini
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