Playtech confident of meeting full year expectations

29th Oct 2013 07:51

Gaming software developer Playtech said it was confident of meeting full year expectations after continuing its growth in recent months.The FTSE 250 group reported revenues rose 13% to €90.6m in the three months to the end of September, driven by casino revenues which were up 21% to €46.8m in the quarter.The strong performance has continued into the fourth quarter with average daily revenue for the first 27 days of the period up over 12% on the same quarter last year and up over 5% on the third quarter.Chief Executive Mor Weizer said: "Playtech has continued its growth through the third quarter and the management team is confident of achieving market expectations for the full year and beyond."The company said its cash and cash equivalents pile stood at €523.3m at the end of September. Shares in Playtech were down 0.85% at 754p at 08:10 on Tuesday. TB