An increase in revenues of nearly a quarter at gambling software company Playtech (PTEC), excluding acquisitions and the 'point of consumption' tax, sent the shares up nearly 8 per cent on the morning of its third-quarter update.
The Virgin Islands-based group reported increased revenues across all of its divisions, except poker, where revenues fell 25 per cent to €2.5m (£1.8m). That's just a fraction of the €75.4m generated at its core casino business, where sales rose 21 per cent year on year.
Such strong figures will be welcome news to those unsure about the company's high-stakes recent purchases of spread-betting companies Plus 500 - expected to be approved this month - and Ava Trade, which has been opposed by the Central Bank of Ireland.
