MYSTERY ONLINE GAMBLING CONTRACT FOR PLAYTECH
30 November 2007
Gambling software provider signs up anonymous
Asian licensee
Industry observers were speculating on the identity of a
mystery Asian-facing online gambling licensee as the
week closed, following a statement to the London stock
exchange by industry software developer Playtech.
In the statement, Playtech revealed that it has signed
up what it describes as a “significant” Asian-facing
licensee – but could not release the identity of the
mystery company due to “reasons of confidentiality”.
The statement did say that Playtech is to provide the
unidentified operator with new Asian-focused
peer-to-peer games, and claimed that the new licensee
has a “strong and diversified presence in the
Asia-Pacific region."
The contract is “material to the future profitability”
of the firm and Playtech announced that it is “expected
to become earnings enhancing during the second quarter
of 2008”.
Playtech CEO Mor Weizer said: “This is a significant new
business win for Playtech and comes after lengthy
contract formalities with the licensee.” He added that
the scale of the operator and its large client base
would make it a “very valuable addition” to the Playtech
stable.
“The additional tools and features that we have
developed for this operator will further strengthen
Playtech’s market-leading position in the vast
Asia-Pacific market," Weizer said. "This licensee has
deep-rooted experience and market reach and we foresee
additional benefits for Playtech, particularly for our
new Asia-facing games which we start rolling out over
the next two quarters.”
Online Casino News courtesy of
InfoPowa
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