1st February 2007, 12:27 AM
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Low Roller
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Join Date: Dec 2006
Location: Spain
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Party Gaming will use PlayTech Software
Notice in the PlayTech website:
-http://www.playtech.com/html/main.php?page=41&id=118-
Quote:
02 January 2007
Playtech Limited
('Playtech' or 'the Company')
New Software Licensing Agreement With PartyGaming Plc ('PartyGaming')
Further to the statement issued by PartyGaming on Friday 29 December 2006 on
the acquisition of certain businesses and assets from both Empire Online
Limited ('EOL') and Intercontinental Online Gaming Limited ('Intercontinental'),
Playtech (AIM:PTEC) is pleased to announce that the Company has entered into
a new long term software licensing agreement with PartyGaming. This agreement
is subject to the successful completion of the above stated acquisition that
is currently seeking shareholder approval from EOL.
Under the terms of the four-year agreement, the online gaming websites currently
operated by EOL and Intercontinental will remain exclusively on the Playtech
platform. These websites will continue operating as usual and will also provide
the added advantage of cross-selling opportunities to the current PartyGaming
player database.
The online gaming websites operated by EOL and International that are being
acquired by PartyGaming include NoblePoker.com, Clubdicecasino.com,
EnterCasino.com, MissBingo.com, FairPoker.com and MagicBoxCasino.com.
In addition to this, PartyGaming will have access to the full range of
Playtech's casino, poker and bingo products.
Avigur Zmora, Chief Executive Officer of Playtech, commented:
"This agreement with PartyGaming is a real endorsement from the leading online
gaming company and we are delighted to have established this important
relationship. The fact that PartyGaming has chosen to continue operating these
sites on the Playtech platform is a clear indication of the market leading
position that our software holds. We believe that Playtech's software will
compliment PartyGaming's existing products whilst providing an additional route
to further revenue enhancement. We look forward to a long and successful
partnership with PartyGaming."
- ends -
For further information
Avigur Zmora, Chief Executive Officer, Playtech Limited
c/o Bell Pottinger Tel: 020 7861 3232
www.playtech.com
Bell Pottinger Corporate & Financial Tel: 0207 861 3232
David Rydell / Peter Otero / Amy Rajendran
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Any Comment?
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