Playtech, the Internet games producer and turnkey provider, claims that the total income for 2007's first quarter exceeds the fourth quarter but is less than the identical period in the preceding year when at the company's licensees the American participants were hosted welcomingly.

At the time of the fourteen percent rise of revenue beyond that of the 2006 last quarter to nineteen point eight million US dollars, a five percent decrease occurred in comparison to 2006's first quarter revenues.  

The force of the United States withdrawal is illustrated by the revenues without the American contributions which rose twenty two percent  in comparison to the fourth quarter in 2006 and eighty five percent in comparison with the first quarter in 2006.

The merger of Tribeca licensees with its iPoker network, according the company's report, was fulfilled one month before the anticipated date, and this doubled the amount of participants who subscribed on the network causing it to evolve into one of the largest online companies of its kind. The possibilities for business in the Internet gambling market in Europe has significantly expanded and it was anticipated that this is the future trend, yet at the same time the drop in the market in Asia was assigned to the reforms of one of its licensees which should be terminated by the conclusion of 2007's second quarter.

Posted on: May 5, 2007

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