Party Gaming will use PlayTech Software

[cerdikola]

Notice in the PlayTech website:

-http://www.playtech.com/html/main.php?page=41&id=118-

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 (AIMTEC) 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

Any Comment?

 

[Sodax77]

Notice in the PlayTech website:

-http://www.playtech.com/html/main.php?page=41&id=118-

Quote....

Any Comment?

Damn. What a bad choice... Playtech?!?

Well it is just my 2 cents...

 

[Simmo!]

Unless I'm reading it wrong, it doesn't say that Party's existing casinos will migrate, simply that the ones they just bought will stay on Playtech as they are now?

 

[jetset]

Note the date on this announcement - 2 January 2007. This is news that has already been reported, in Casinomeister News for just one. And Simmo's observation is correct.

 

[cerdikola]

Oh, sorry. I didn't undestand it good

 

[misty113]

I ran across this article and to say the least its very disturbing:

Party Gaming Gets Cute with American Player Accounts

January 4th, 2007 - It's a story you will see only at the APCW! Party Gaming has been busy buying up the last shares on Empire online, inking multi-year deals with Playtech, and giving their CEO a 45 million dollar raise... so why would they turn around and treat their loyal customers so poorly?

We received an email not too long ago, telling us that one of our accounts at Part Poker was going to be charges $5 a month --- every month --- because we were no longer playing at the site. Mind you that, as an America, we can no longer play real money games at Party Poker. In fact, we tried to and were denied access to real money tables.

So now that we cannot play at Party Poker, they have elected to charge us $5 a month --- every month --- until our money is gone.

Smart move, guys...

We called and spoke with customer service, who confirms this policy. So each and every American player beware! Cash out NOW!

 

[winbig]

I really don't see the problem here. Why are people complaining about this $5 charge? Party let USA players know AGES ago that they would need to cash out their balances. If they haven't done it by now, it's their own fault.