Playtech, the publicly-quoted parent company of the iPoker network, today announced strong first quarter revenues with poker generating €8.8 million between January and March 2009.
This is an increase of 26 percent on the €7 million the company earned in the first quarter of 2007 and is up three percent on the €8.6 million generated in the last quarter of 2008.
Pro-forma poker revenues, adjusted historically for like for like comparison, show a seven percent increase in the first quarter of 2009 on the previous quarter.
The company, which most recently signed William Hill Poker, said in its interim statement that, “[The] William Hill integration is proceeding well with migration of the William Hill poker business to Playtech on March 19th, earlier than planned.”
The company also launched its dedicated Italian network in the second week of January. It said, “Performance of the Italian poker network exceeding management expectations.”
Overall being gross income at Playtech was up 14 percent in the first quarter of 2009 compared to the final quarter of 2008 to €36 million.
