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Playtech has announced 10 new licenses for 2011 and has reported substantial growth this year as a result of its recent partnership deals with local operators. Playtech Chief Executive, Mor Weizer, said that most of its new licenses would be in the poker industry but that a few would be in the casino and bingo industry as markets continue to mature in Italy and France.
"We will be looking at developing quality rather than quantity but with France looking to broaden its offering, Italy launching casino games and cash poker early next year and a deal signed with Finnish monopoly provider RAY - that is the sole provider of online gaming there - due to launch we are very confident growth will continue. Finland may be 11th the size of the UK but it has 19,000 land-based slot machines compared to the UK's 37,000 catering for a population of 60m people."
"...Our licensees are growing, Italy is growing fast, France is building up we've just established ourselves with one license that's gone live, we have three more soon to be launched with well established casino groups to be launched in the fourth quarter and other waiting for regulatory approval. Then we have Serbia and Finland. The UK and Italy are our biggest regulated markets."
Playtech's gross income is up 30% in its third quarter compared to the same quarter last year and revenues are up 17%. Weizer pointed to an increase in daily activity for the rise. Daily activity in October rose more than 7% compared to the same time last year.
"We indicated that current trading in the first 31 days of the fourth quarter is more than 25% ahead of the fourth quarter of last year and 7% quarter on quarter. These are strong numbers," Weizer told reporters pointing to numbers that indicate that Playtech is on track for even bigger numbers next year.
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