August 4th, 2009 by admin

Several gambling interests are currently reporting their Q2 numbers and, for the most part, those numbers have been holding steady and proving that while the recession has certainly affected the gambling industry, it hasn’t crushed it.

Some corporations like Las Vegas Sands Corp. posted disappointing numbers that fell below even economy-adjusted expectations. Macau’s major gambling interests faired much better despite recent concerns.

One notable company has risen above the recession this quarter to post a 23% increase in income: Playtech’s positive Q2 report stands as proof that the online gambling industry is still going strong.

While Playtech’s total revenues for the quarter were slightly less than Q1 revenues, they nevertheless continue to profit thanks to their innovative gambling applications, industry-leading software and sharp marketing plan. Playtech’s board released a statement predicting that the company would underperform against current expectations (due to the delayed launch of WHO and economy issues), but that they were nevertheless optimistic that they would continue to post strong profits for the remainder of 2009.