Manne wrote:
Playtech the online software developer has had an interesting past that has propelled its successful future to the point where the company has announced it will pay shareholders a special dividend of €122million euro after revealing a massive rise in full-year profits for 2013.
Playtech posted a 26% year-on-year rise in adjusted net profit, excluding the share of profit from the William Hill Online venture, to €148.3 million n the 12 months through to December 31. Playtech was established in 1999 and is the software of choice of some of the world's largest online casinos.
Playtech software offers in excess of 300 games and the full complement of casino games have been recreated for the digital format. Playtech has excelled is in the development of online slots. In over a decade of being online, Playtech now provides casino, poker, bingo and live gaming services.
The dividend is offered to shareholders as a result of the sale of the 29% stake in William Hill Online for £424m, last year with other critical moves including the agreement signed with Ladbrokes 2013, and the launch of live mobile casino and poker products for a number of clients in Europe and Mexico.
Playtech’s casino software product has “delivered an outstanding performance in 2013”, the spokesperson said, with revenues up 25% to €189m during the period, from €151m in 2012. The growth was generated by “a combination of organic growth, new licensees, expansion of the games portfolio, and growth from mobile and the live dealer offering”. Playtech officials were proud to announce.
Also adding to the good news for the firm was the acquisition in 2012 of new sports betting brands launched on the Geneity platform. Turnover was also pushed up by the acquisition of the poker community PokerStrategy in July. The special dividend payment is the equivalent of 34.1p per share.
Playtech Online Gambling Software Posts Big Gains | Online-Casinos-com
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2014/01/24
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"They have said it's going to be very difficult if not impossible to monitor this," said Pataki, the co-chair of the Coalition to Stop Internet Gambling, a public campaign backed by Las Vegas casino magnate Sheldon Adelson. "Changing the law that was in effect for 20 years simply by [a] ruling of the Department of Justice, this is not in the American people's interest." Pataki made the claim about money laundering several times during an interview on "Squawk on the Street." His comments come amid an interindustry fight between brick-and-mortar casino interests, led by Adelson, and gambling entrepreneurs who want to expand digital gaming. Last year, New Jersey became the third state to allow online gambling
Online gambling advocates formed the Coalition for Consumer & Online Protection to fight Adelson's public campaign, which released its first video commercial on Monday, styled in the same fashion as political attack ads. Mike Oxley, a former Ohio congressman and former FBI agent, serves as the group's chairman. He told CNBC that banning online gambling on a national level would not protect people.
Millions of U.S. residents already gamble online in states that prohibit the practice, logging on to services based overseas and tied to black markets, he said. Banning the practice would only drive more of those users to less secure platforms, Oxley said.
"The risk of exposure to identity theft, fraud, even money laundering on an unsafe, unregulated, overseas black-market website is serious," Oxley said in a statement to CNBC. "And ignoring that black market, rather than addressing it will only allow those markets to continue thriving and make us all less safe online."
Pataki said the proliferation of online gambling shouldn't happen on a state-by-state level, and that the entire U.S. electorate should decide the issue. The gambling industry, once limited to Las Vegas, has always been tightly regulated and monitored, he added, and it should remain in physical casinos rather than always-connected online services.
"You have to make a conscious decision to travel to a casino," Pataki said. "Those casinos are well-regulated, and subject to tremendous law enforcement and other regulatory authorities. It's completely different from just sitting around a college dorm at 1 in the morning and deciding to play online poker or gamble."
Pataki: Online gambling will fuel terrorism, organized crime