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Playtech, the Online games developer and turnkey provider has announced that total revenues for the first quarter 2007 are up on quarter 4 but down from the same period last year when US players were welcome at the firm's licensees.
Whilst total revenues rose 14 percent over the last quarter of 2006 to $19.8 million, there was a 5 percent decrease when compared to quarter 1 revenues in 2006. Revenues, excluding US contributions, increased 22 percent compared with Q4 2006 and 85 percent compared with Q1 2006. This dramatically illustrates the impact of the US withdrawal.
Playtech reported that the merging of Tribeca licensees into its iPoker network had been completed a month ahead of schedule, doubling the number of players registered on the network and making it one of the largest on the Internet.
Business opportunities in the European online gaming market have grown substantially and are expected to continue to do so, while the slowdown in the Asian segment was attributed to the restructuring of one of its licensees due to be completed by the end of Q2 2007.
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