05.09.2007
Interim Results for the Six Months Ended 30 June 2007
Playtech Limited ("Playtech" or "the Group")
Interim Results for the Six Months Ended 30 June 2007
Financial Highlights*
• Total Revenues up by 80% to $44.0 million (2006 - $24.5 million)
Casino revenues up by 53% to $32.6 million (2006 - $21.3 million)
Poker revenues up by 275% to $10.5 million (2006 - $2.8 million)
• Current monthly royalty run rate now back to pre-October 2006 peak levels
• EBITDA (earnings before interest, tax, depreciation and amortisation), up by 2% to US$30.7 million (2006 - $30.2 million including US revenues)
• Basic EPS of 13.5 cents (2006 - 14.7 cents including US revenues)
• Interim dividend of 6.1 cents per share equating to approximately US$13 million to be paid on 19 October 2006.
*Unless otherwise stated revenue numbers are excluding US. (See reconciliation table included in financial review section below)
Operational Highlights
• Acquired Tribeca assets fully integrated making Playtech the world's largest independent online poker network (
www.pokersitescout.com)
• 12 new licensees added (8 migrated from Tribeca) catering to European and
Asian markets
• New Indian and Philippines development centres now successfully integrated and new Bulgarian subsidiary is operating well
• Strong pipeline of new products aimed specifically at Asian and European markets
• Further investment in development, and pre and post sale resources bringing the total number of Playtech employees to over 550
• Land-based subsidiary Videobet expanding potential market through the introduction of unique switchable technology encompassing both server based and stand alone machine technology
Mor Weizer, Chief Executive, commented:
"This has been another highly successful first half for Playtech and we continue to enhance our position as the world's leading software solution provider to the gaming industry. The Group has further strengthened its foothold through the development of its relationship with existing licensees and through gaining additional licensees, as well as developing products specifically aimed at the Asian markets. We are also focusing on cross selling opportunities to existing licensees through the addition of supplementary gaming products. Playtech has a very healthy pipeline of new business for the second half of the year and we look forward to making continuing strong progress."