Playtech Reports Strong Number During Tough Economic Times

Playtech Reports Strong Number During Tough Economic Times

Posted on 05/08/09 - by Theodor Mavrodis News

You can't turn on the news or open up a newspaper without reading something regarding the world economy and the recession that is plaguing certain regions or industries. It's no surprise then that we are also keeping an eye on those in the casino industry and how they are doing during this economic downturn.

Good Second Quarter Results
While some companies and operators have reported disappointing numbers, one major player has done a very good job during these tough times. Online casino software giant Playtech has announced a 23% increase in their Q2 income. And while the Q2 numbers were slightly lower than their Q1 numbers, their industry leading software and strong portfolio make sure that they are still very profitable.

As for the rest of the year, Playtech expects to underperform against current expectations but they are still optimistic that the remainder of 2009 will still see strong profits.

Catering The Best
We also expect Playtech to continue to put up strong numbers as they power a number of big online casinos, including 3 of our top 10 rated online casinos (Europa CasinoEuroGrand Casino, Casino Tropez).

Playtech also offers a number of great Progressive jackpot slots which you can always check in real time on our progressive slot page. As you can see, the Gold Rally slot currently stands over $1 million, which definitely should be grabbing your attention.