Playtech pays investors close to $170M as revenues grow 18% in H1

Gambling software supplier Playtech is treating shareholders to a €150 million ($169.38 million) special dividend as revenues posted strong growth in the first half of 2016.

The company, which provides software to online gambling and sports betting groups, also raised its interim dividend by 15 percent to 11 cents per share.

Revenues rose 18 percent to €337.7 million ($381.33 million) in the six months ending June 30, from €286 million ($322.95 million) in the same period last year, as revenues from its flagship arm posted an 11 percent increase to €306.4 million ($345.99 million).

The plunge in sterling, however, dragged down the company’s net profit by 42 percent to €48.8 million ($55.1 million) from €83.9 million ($94.73 million) in the same period last year.