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#2 Marc analysis- An insider's look at the online gambling industry: PlayTech
As a former financial analyst, and just a guy that likes to play with numbers, I took a look at PLAYTECH- year end results of one of the leading online software suppliers. Playtech is the world's largest publicly traded online gaming software suppliers. They mainly focus on online casino platforms and online poker platforms. The company is listed in AIM, in the UK, Market Cap is 1.6 billion US dollars. Playtech offers online slots systems and a range of products and platforms to include Poker, bingo, online Slots, Mobile Gaming, Fixed-Odds Games, Live Gaming and Land-Based Kiosk Networks. Playtech had great results in 2007. Earnings were 103.6 millions US dollar and profit before tax was 70 millions US dollars. Its strong numbers for the year are considered to be great because they managed to achieve these figures without the US players, because of the US 2006 regulation on the online gambling industry. Some analysts estimate that the online gambling industry is worth 12-14 billion $ a year. Myself, I think it is worth a lot more, with constant growth. Why is there such strong growth? Mainly because of the far eastern and eastern European players- they have just recently started to discover the online slots games, and they just can't get enough of it! So, if you have some cool ideas for the next generation of online casinos, try you luck... If not, you can always oin one of the many online casinos out there and try your luck there ;-) You can find more interesting articles in www.slotstop.com Yours, Marc.
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