Playtech, the publicly-quoted owner of the iPoker network, has today reported its interim results for the six months ending June 30, 2008. Poker revenues saw growth of $11.5 million to $22 million, an increase of 109 percent compared to $10.5 million for the same period in 2007.
Chief Executive Officer Mor Weizer said “In the first half of 2008, the Group achieved a significant milestone when its poker network became the world’s largest non-U.S. liquidity pool, attracting additional players to its network and attracting more high-quality licensees. In addition, in line with the Group’s strategy, it has established itself in various jurisdictions that are considering regulating various forms of online gaming.”
Total revenue (which includes casino) grew by 85 percent from $44 million in the first half of 2007, to $81.4 million for the same period in 2008.
The development of the company’s flash poker product is now complete, with the rollout planned for the third quarter of 2008.
