For most online casino companies, the financial results for the second quarter arrived. Two of the largest online casino companies, 888 and Playtech have released their figures.

Playtech

Online casino software developer, Playtech has reported that revenues for the second quarter had risen by 32% in respect to the same quarter last year, and 2% up on last quarter. Revenues for the casino went up 34% to the previous quarter to € 24.9 million. Revenues for poker decreased by 13% to 7.3 million euros, mainly due to the impact of the World Cup. Bingo gambling went best with an increase of 61% in revenue to EUR 2.8 million, reflecting the added value of cooperation with bingo provider Virtue Fusion. The share of profit in William Hill Online was 7.6 million, a gain of 43%.

Mor Weizer, director of Playtech said: “The results of the second quarter continue our strong start of the year and provide a solid foundation for the rest of the year.”

888

The internet casino gambling operator 888 did not do so well, with a revenue of 46.6 million euros in the second quarter, which is equal to the same period last year. Revenues from casino, poker and sports betting were disappointing, but had a 22% increase in the number of registered players. But because of the good results by online bingo, an increase of 372%, the online casino operator finished with a 10% increase in total revenues.

Gigi Levy, director of 888 said: “Trading throughout this period has been challenging, impacted by a number of factors including general online poker weakness, adverse F/X and, in relation to poker and casino, the World Cup. However, we have seen resilience in our emerging offering, especially sport throughout the World Cup, and we continue to refresh our B2C offering to attract and retain players.”