Demand for
Playtech Online Gambling Software Soaring
 June
16 - Listed on the London Stock Exchange (LSE), Playtech Plc is
one of the world's largest and most successful online gambling
software developers and if its impressive first quarter results
are anything to go by, the company is set to grow even more.
Playtech recorded a 14.4 per cent average growth in its
2008 first quarter results, which translates to almost 20
million pounds in revenues, showing that the online gaming
software vendor is gaining market share as one of the globe's
leading providers of online casino and online poker software.
As such, Playtech's board of directors are confident about the
future and are expected to make additional strategic
acquisitions in the near future, and sign-up many new software
licensees over the course of the year. These results will
certainly have the company's shareholders jumping with joy.
Said current Playtech CEO, Mor Weizer, 'The board of
directors are highly confident in Playtech's trading performance
for 2008 and beyond, especially since our April 2008 revenues
topped our monthly average for the first quarter by over nine
percent.'
Playtech recently expanded its operations with the
launch of its iPoker network, which has started to catch up with
PartyGaming, the current online gambling market leader. The
company's revenues for the year to December 31 were reportedly
in line with the board's expectations.
After the Unlawful Internet Gaming Enforcement Act (UIGEA) was
passed by the United States Congress in October 2006, Playtech's
share price dropped by an enormous 40 percent, along with the
stock of many other leading online gambling companies.
However, the firm has subsequently recovered and now appears
unstoppable. Since UIGEA was passed, Playtech has banned all
US-based online gambling fans from playing on websites that run
its online gaming software.
Windows Casino,
African Palace Casino,
Casino Las Vegas,
Amber Coast Casino and
Giant Vegas Casino all
run Playtech software.
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