Playtech, the international designer, developer and licensor of software for the online, mobile and land-based gaming industry, has announced the success of its full year results.

The Company has reported very strong results and a very upbeat current trading statement, both in relation to its own development and the rest of the gaming industry, particularly given the difficult economic environment during the period under review.

Net profit after tax rose 71% to €69.5 million (2008: €40.7 million) on gross income of €137.3 million which was up 23% (2008: €111.5 million).

The Company has enjoyed a strong start to this year with daily average revenues for the first quarter projected to increase by over 18% compared with Q4 2009 based on the current run-rate.

Playtech has invested considerably during 2009 – restructuring the business, entering new markets, acquiring new licensees and expanding its portfolio of new games.  The Board looks forward to 2010 with great confidence.

Roger Withers, Non-executive Chairman, said, "This has been another significant year of growth for Playtech.  Excellent progress has been made both operationally and strategically. 

"We have made good use of our substantial cash position to make a number of focused acquisitions and investments which should prove highly accretive in the medium to long term.

"Playtech is a growing profitable business with strong cash flows, high margins and an attractive dividend policy.  Playtech continues to outperform the market and the Board looks forward to 2010 and beyond with great confidence."