Playtech Feeling Generous To Shareholders After 2013 Earnings Rise
Playtech announced their full year results for 2013 and the numbers were excellent. In fact so good that they announced they will be paying a special dividend of $167 m to shareholders. Among the highlights were adjusted core earnings that increased by 17% to €159.4m which excludes the profits received from their sale of William Hill in March 2013.
Revenues increases to £367.2m.Playtech announced that due to their 29% sale of William Hill online for £424 they would pay an addition £100m on top of the usual 2013 dividend of 23.2 cents per share. Chairman Alan Jackson understandably was delighted at the excellent results and said,” Playtech has further strengthened its position as the world’s leading supplier of technology and services for the online gambling industry and the board looks to the future with confidence and optimism.”
Their acquisition of poker community PokerStrategy in July helped them with daily average revenues for the first seven weeks of 2014 which were up by 15% from the first quarter of 2013.