Playtech just announced that their second quarter earnings were boosted.  The company has been offering online casino software since the 90s when casinos became popular online.  Playtech has provided their software to companies like William Hill.  Their announcement stated a two percent increase in this year’s earnings over last year.

Playtech has online casino and bingo revenue which has also grown by 34 and 61 percent respectively.  These numbers were also compared to last year’s second quarter.  What is means for Playtech is that more and more players have joined in their online casinos.  The two percent increase was in the gross income overall for last year.  Poker revenues are not up as the online casino software company would like.

Instead of finding an increase in this sector they actually had a decrease of 13 percent from income generated in the second quarter on poker sites.  The company is not hurting though.  Their second quarter gross income was 37 million GBP.  Mor Weizer, the chief executive announced their second quarter earnings are continuing in offering a good start for the year.  They expect their earnings to continue the rest of the year.

Playtech will have to address the losses in poker revenue, since it was roughly six million GBP.  Playtech feels part of the decline was due to the distraction of the World Cup and partly seasonal.  The good news for the company is that their online casino software continues to be a higher earner.  The software earned them 20 million GBPs for the second quarter.

William Hill was a big contributor to the money made by Playtech.  Their profit increased Playtech’s by six million GBP, up 43 percent from 2009.  It is also up 4 percent from the first quarter of 2010.  Playtech has announced they will have new companies making deals.  For example a deal with Eurobet is already in the works.  Eurobet has joined the Bingo network for Italy.

Profits like this mean more to the stock analysts who are trying to decide where to invest.  Like all gambling the stock market can be a way to earn a little cash from the online casino world.  For players, it can mean a slight loss, but it also means a great gain.  Playtech is searching out more places to put their software.  Since Poker is down it might also mean new poker games will be released to regain attention in that industry.