Playtech released audited results for the full-year ended December 31, 2008.

Financial results included:

-Total revenues up by 70 percent to €111.5 million (2007: €65.7 million)

-Casino revenues up by 68 percent to €79.4 million (2007: €47.4 million)

-Poker revenues up by 73 percent to €30.1 million (2007: €17.4 million)

-Adjusted net profit* of €78.6 million (2007: €43.9 million) an increase of 79 percent, resulting in an adjusted net profit margin* of 70 percent (2007: 67 percent). Net profit of €40.7million (2007: €26.3 million), an increase of 55 percent, resulting in a net profit margin of 37 percent (2007: 40 percent)

-Adjusted EBITA* (earnings before interest tax and amortization expenses) of €73.0 million (2007: €42.0 million), an increase of 74 percent, resulting in an adjusted* EBITA margin of 66 percent (2007: 64 percent)

-Cash generated from operating activities of €68.7 million (2007: €39.7 million) was 94.1 percent (2007: 94.5 percent) of the Group's adjusted EBITA

-Cash and cash equivalents as at 31 December 2008 were €31.6 million (2007: €54.8 million)

-Adjusted basic EPS* of 34.5 cents per share (2007: 20.4 cents per share)

-Recommended Final Dividend of 7.6 € cents per share, making a total of approximately €18.1 million. Once approved and paid this will result in shareholders receiving an aggregate dividend for 2008 of 15.2 € cents per share or approximately €40.5 million (2007: 10.2 € cents per share or approximately €21.9 million), an increase of 49 percent on the previous year

(*) Adjusted EBITA and adjusted net profit are calculated after adding back certain items in relation to the investments in CY Foundation Group Limited, AsianLogic Limited, Tribeca, the exchange loss relating to the investment in William Hill Online which are not part of the Group's core business and the employee stock option plan.

Operational highlights included:

-Successful completion of the series of transactions, announced in October 2008, with William Hill and a former customer together with certain affiliates of Playtech

-Playtech now providing William Hill Online ("WHO") with Casino and Poker software 15 new license agreements signed with high quality operators such as Betsson, Vista Global Limited and Genting Stanley Alderney

-Asset acquisition of MIXTV Ltd, a subsidiary of Win Gaming Media, in August 2008

-Entry into the regulated Italian poker market with four new license agreements with market leading operators Snai S.r.l, Sisal SpA, Eurobet Italia and Cogetech SpA

-Reporting currency changed to Euros, reflecting the fact that the majority of the Group's revenues and expenses are now settled in Euros

-Raised £112 million, (€141 million) before expenses, by way of a Placing of 21,620,946 new Ordinary Shares at a price of 520p per share

-Continued strong growth in the Asia-Pacific region

-Continued expansion of product offering:
-full launch of Asian P2P Games with selected licensees
-launch of a live gaming platform for the European marketplace
-new version of Bingo released
-launch of flash poker

Full report here.