Playtech’s Asian grey- and black-market ops drive 2016 revenue

Online gambling technology provider Playtech enjoyed double-digit revenue gains in 2016 due largely to growth in its Asian grey- and black-market operations.

Year-end figures released on Thursday show Playtech’s group revenue rising 12% to €708.6m last year, while adjusted earnings rose by one-fifth to €302m and net profit shot up 42% to €193m.

Playtech’s dominant casino vertical drove the gaming division’s results, rising 15% to €354.6m thanks to strong growth in live casino and Asian markets. Mobile casino revenue more than doubled year-on-year, driven by Asian markets, where mobile casino activity more than tripled.

Most of Playtech’s other gaming verticals were in negative territory, with services falling 3% to €151.6m, bingo down 13% to €17.8m and the struggling iPoker division falling nearly one-fifth to €9.1m. Playtech insists it “remains dedicated” to its poker product.