The online software developer, Playtech, has reported a mixed set of results for the third quarter. Casino revenues increased 34% to €28.9 million, (2010 - €21.7 million) and were also up 6% on the second quarter of this year. Bingo revenues also showed an increase of 24% to €3.8 million, (2010 - €3.1 million) and were also 5% on the second quarter of this year. However poker revenues declined 2% to €5.6 million, (2010 - €5.7 million) but showed a 13% increase on the second quarter of this year.

William Hill Online, which Playtech owns a 29% stake, showed a decline of 2% to €8.6 million for the same period last year (€8.8 million) and down 3% on the second period this year.

Videobet revenues showed an increase to €2.2 million which compared to €0.5 million for the same period in 2010. This was also up 6% on the second period of this year.

Mor Weizer, Playtech's Chief Executive, commented:

"Playtech's diverse revenue streams have delivered a strong performance over the traditionally quieter third quarter thanks to the launch of Italian cash poker and casino products, improvements in poker revenues following the change in the market structure after the suspension of one of the largest poker operators, and the continued strength of bingo and Videobet, where the UK roll-out has now completed."

"PTTS has been integrated exactly as planned and is performing well and primed to add significant value as we deliver new turnkey projects and JVs."

"New product launches have performed well and we are in discussions with a number of significant gaming businesses looking to utilise Playtech's market leading technology and services. The Company is also in discussions with potential joint venture partners in different regulated markets."

Playtech is the world’s largest publicly-traded online gaming software supplier, it offers cutting-edge, value-added solutions to the industry's leading operators.