Online gambling tech providers Playtech have turned in their first full financial report card since moving from the London Stock Exchange’s Alternative Investment Market to the main LSE arena. Overall revenues in Q2 2012 were €78.6m, up 99% over Q2 2011 (up a more modest 5% over Q1 2012). The company is giving much of the credit for the revenue boost to the March 2011 acquisition of PT Turnkey Services (PTTS) from founder Teddy Sagi. Playtech says PTTS contributed €26m in Q2 and €50m for the year-to-date. Among gaming channels, casino led the way with a 36% increase in revenues to €37m. Bingo was up 21% to €4.4m and Videobet rose 36% to €2.8m, while poker slumped 12% to €4.4m (down 18% quarter-on-quarter). Playtech’s share of the profits from its William Hill Online joint venture came to €9.5m – up 7% year-on-year but down 29% from Q1 2012. Playtech CEO Mor Weizer said he expected the company would maintain its momentum through to the end of the year, although he anticipated a seasonal slowdown in the summer months.
Lottery tech provider Scientific Games Corp. saw Q2 revenues rise 4.1% to $229.3m, but earnings fell as expenses rose, resulting in a net loss of $12.6m, compared to net income of $7m in Q2 2011. US instant ticket retail sales were up 10% and lottery systems customers’ retail sales rose 3.8%, but instant ticket retail sales fell 7.5% in China and 8% in Italy. Printed Products Group revenues fell 7.4% to $122.7m, while increased sales of software and hardware resulted in a 13.7% rise in Lottery Systems Group revenue to $64.6m. Gaming revenue rose 35.8% to $42m, aided by a 6.3% boost in Global Draw’s gross win per machine per day and the April 2011 acquisition of gaming machine maker Barcrest. Scientific Games also announced the appointment of Robert White as Chief Operating Officer of its Gaming division.
Rounding out this cast of companies willing to expose their underwear in public, German online lottery broker Tipp24 SE says its Q2 revenues came to €32.7m, down from €35.1m in Q1 2011. But earnings rose from €22.6m to €26.5m, while net profit rose from €15.8m to €21.3m. For the first half of the year, revenues amounted to €68.2m, down a mere 0.5% over the same period in 2011. Over the same period, earnings rose 12.4% to €38.5m and net profit rose a whopping 28.7% to €30m. As usual, the Hamburg boys made almost all of their bones abroad via their equity interests in companies in Spain, Italy and the UK. Looking forward, Tipp24 had predicted full-year earnings of €35m, but are now suggesting EBIT will reach “€48m at least” thanks in part to last month’s spinoff of its German online brokerage activities into listed company Lottto24 AG, which is expected to have a “positive impact” of €18.2m.