Playtech, the leading software developer in the world of online gambling has released its financial reports for the past year. The report shows a great surge in revenues & income. Most of the income and revenue were generated as a result of Playtech’s share in WHO (William Hill Online) as Playtech is the owner of 29% of the shares of William Hill Online.

In numbers, in 2012, the company was able to generate 317.5 million Euros in revenue. This money represents a great increase, a fifty-three percent increase to be exact, when compared to the revenues of 2011. This makes Playtech the most successful software developer in the world.

As mentioned above, a great chunk of this revenue is attributed from its shares in the online venue of William Hill, WHO. From the amount mentioned (€317.5 Euros), 50.6 million Euros originated for its shares in WHO.

Commenting on this, the CEO of the company, Mor Weizer stated that the board of directors of the company is very pleased with the report, especially the performance of the company in the fourth quarter of 2012. He also said that the board is looking forward to an equally successful 2013.

At the end of 2012, William Hill has shown its intention of buying out the 29% shares that Playtech owns which will allow it to take full control over the operations of WHO. This could affect the revenues and the income of Playtech significantly as the revenues from WHO contributes greatly on the revenues of Playtech.