MUTUAL FUND TAKES A CHUNK OF PLAYTECH

22 January 2010

Investment garners a 10 percent stake in online gambling software provider

Details are still sparse, but according to mandatory regulatory reports from Playtech plc, 10 percent of the stock has been snapped up by Fidelity International, a major mutual fund that currently manages over $211.8 billion for private individuals and institutions.

The Playtech notice advised that 24,031,139 of its ordinary shares had been acquired by the fund on Thursday last week.

Online Casino News Courtesy of Infopowa

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