Investors in Playtech will be receiving a special dividend due to Playtech's giant increase in profits in the year 2013.
2013 was a good year for leading online gaming software developer, Playtech, and a good year for its investors as well. In fact, it was such a good year that Playtech has just announced that the company will pay shareholders an additional dividend of €122 million euro. For individuals, that comes out to about 34.1 pence per share.
For some investors, this can amount to a pretty penny in cash. And even for those that it doesn't, the idea that Playtech rewards its investors is one that is not likely to be forgotten, and will only serve to boost their popularity in the future.
Increased Profits
Playtech reported a whopping 26% increase in net profit, not including profits from their William Hill Online venture. The dramatic increase in profits can be attributed to a number of things, including Playtech's 2013 agreement with Ladbrokes and the launch of their live mobile casino and poker products for a number of European clients. Playtech also acquired the sports betting brands launched on the Geneity platform in 2012, which also boosted profits.
Playtech spokesperson said that Playtech's software "delivered an outstanding performance in 2013," with an increase in profits from €151 million in 2012 to €189 million in 2013.
Playtech's Offerings
Playtech was created in 1999, and has since then created over 300 online casino games, specializing in online slots as well as poker, bingo and live-dealer games. It has come to be regarded as one of the top online game providers in the world, and when players see the Playtech logo on an online casino site, they know that the games will be smooth, exciting, fair and fun!
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