Weak Currencies Against the Euro Shows Little Effect of Playtech
Despite low market volatility, Playtech has reported continued growth for the start of its second half quarter. The weakening of currencies against the Euro and low market volatility didn’t affect the company’s strong progress as some were expecting.
The company stated in a trading update that their gaming division, in terms of underlying their daily average revenues seen growth when comparing the first 55 days of Q2, but revenue growth for the same period did see an impact by significant weakening with other currencies against the Euro such as Sterling Pound.
“Very positive signs of improvement” is what the company’s financial division experienced with its active customers and first time depositors. There overall performance seen a hit that wasn’t expected due to the market instability.
Playtech’s first time ever Awards event crowned Mansion the winner of the Marketing Excellence and Innovation award. Playtech crowned Mansion the winner across its casino network of global licensees.
“It’s been a great team effort both internally here at Mansion and with Playtech with whom we work closely in order to continually strive to optimise our offering for our players by using the latest technology and marketing methods,” Mansion chief operating officer Shelly Suter-Hadad said.
Shimon Akad, chief operating officer of Playtech, added: “The Playtech Award scheme has been a great success with a large number of our licensees participating and showing how great this industry is in marketing our leading titles in the most innovative ways possible.
“We’re delighted that Mansion has won our inaugural quarterly award; they are always willing to push the boundaries and are constantly seeking new ways to improve their operations which is a philosophy we share not only with Mansion, but all our licensees.”