Playtech Still the Top Online Gambling Software Developer of 2011

Playtech casino software, the world’s largest developer of online gambling software and the creator of some of the most beloved online casino games has been going strong in 2011 despite week global economy and horrendous market conditions.

Playtech (PTEC.L) announced yesterday that it has decided to defer the payment of the interim dividend until at least the final 2011 numbers will be released some time at the end of the year.

Despite Playtech meeting all estimates for the year, the stock took an 8% correction on the London market due to the overall jitteriness of investors.

"Due to exceptional strategic M&A and partnership opportunities which are currently under discussion, in order to retain maximum flexibility, it (board) will defer a decision over the interim dividend," Playtech said in a statement.

The company believes that due to its high liquidity, there are many opportunities in the market today for high value takeovers which it doesn’t wish to miss taking advantage of.

Playtech, which offers some of the best online casino bonuses, has been doing better than last year and is definitely on track to meet their year-end forecast as the mid-year numbers clearly indicate. Total revenues on a continuing basis grew 18 percent to 76.3 million euros.

Playtech reported adjusted earnings before interest, tax and depreciation (EBITDA) of 56.1 million euros ($80.8 million), compared with 54.2 million euros last year.

Join Crown Europe online casino, powered by Playtech’s online gambling software, and see for yourselves the wisdom and wonders of Playtech’s exciting online casino game library.