Playtech heads to main market
GAMING software group Playtech said yesterday its first quarter revenues had doubled, helped by strong growth at its casino businesses, and that plans to shift its listing to London’s main market were progressing well.
But the group added that it was dropping plans to buy some social gaming assets owned by founder and Israeli billionaire Teddy Sagi, and would instead enter software license agreements. Plans for a deal with its top shareholder – Sagi owns 48 per cent of Playtech – were announced in April.
Total revenues came in at €75.1m (£61.2m), up from €36.7m a year ago.