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Playtech is considered to be an online gambling giant and as such stock interest in the company has grown tremendously in recent years. Standing by those who have chosen to invest, Playtech, off the back of strong company growth, has treated shareholders to €150 million in special dividends.Adding to the payout fever that seems to be sweeping across the Playtech brand, it seems that the company has also bumped up its interim dividend by 15% to 11 cents per share.
Financial performance
Looking at the financial performance of Playtech, recent reports show that revenues rose by 18% to a notable €337.7 million during the past six months. This figure has really confirmed the market presence of Playtech, as it continues to grow in stature. Breaking down the numbers, it appears that Playtech’s business is largely casino focused, as it equates for 52% of the brand’s operations. Casino revenue is up 19%, with figures topping €177 million. 
Not all good news
While the report certainly makes positive reading for shareholders, it isn’t all good news. This is because the drop in GBP price post-Brexit, pulled down Playtech profit by 42% to €48.8 million. It is also worth noting that Playtech experienced a drop in poker and bingo revenues too.
Playtech comments
Alan Jackson (Playtech Chairman) said, “The gaming division continues to deliver strong growth, driven by our industry-leading casino offering. We are ‘locked-in’ future growth with important new licensees signed and significant contracts renewed. Seven of our top 10 licensees are now on contracts which have at least three years remaining and our pipeline of new licensees and structured agreements remains strong.”He also spoke on how Playtech plans to continue to reward investors, “Due to the strength of its balance sheet and its continuing cash generation, Playtech is in a position to return capital to shareholders with no impact on its ability to make acquisitions.”