While many companies and different business industries have been hit tremendously hard during the past year with the nosedive that the economy has taken, there are some operations that have managed to fair remarkably well. Playtech, a company that provides software for some of the most popular online casinos in the business just released their fourth quarter report for 2008 and the report has indicated that the company saw record profits. This is extremely impressive in a time that, despite the optimism many feel with the new president in place, we are in the middle of a credit crunch a housing crisis and dangerously low rates of unemployment.

Playtech, which online casino players may recognize for supplying the software of widely popular online casinos like Titan Poker and Betfred, has been able to do the impossible/ The total revenues in the final three months of 2008 came to some 31.5 million Euro for the company. That is an increase of some 57% compared to how well the company did during the fourth quarter back in 2007. Both the casino and the poker businesses managed to perform very, very well with each facet of the company showing a growth in revenue of about 50%. The company’s ventures in Asia faired even better with an astonishing 141% increase in profits. In these dark times, that seems like some sort of miracle.

The people at Playtech, however, are not taking this sort of success for granted. Right now they are positioning themselves to perform even better in the year of 2009. They are putting their heads together to determine the ultimate strategy that will take their casino and poker enterprises as far as they can possibly go.

Tags: online casinos, playtech

This entry was posted on Tuesday, February 3rd, 2009 at 12:23 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.