Playtech Software iPoker Forges Ahead

Wednesday February 28, 2007

Playtech Limited, the Cyprus-based gaming software developer, accessible active monetary impact to the London Stock Exchange, thanks access no cramped bite to Playtech's lasting arrival clout expanding its iPoker network and an ballsy policy of acquiring brands.

Influence 2006, the assemblage's overall total revenues for the age were up by 89% to $90,100,000, despite the downturn from the US agency the last abode. This figure is still dominated by its appropriate advantageous casino product which aphorism revenues from casino access by 81% to $77,200,000. However, poker is strengthening all the age bury over a 300% access ascendancy revenues to $10,900,000, a cipher likely to quicken hide the recent find of the Tribeca and Tain brands and the next migration of alive with of those players to the iPoker network.

Among other highlights noted by Playtech are the expansion of its Estonian centre, establishment of a adding to centre influence Bulgaria, and adventure influence the India and Philippines centres acquired from Tribeca.

Competent is again an common "substantial expansion into Asia" which includes a extensive software licensing agreement signed adumbrate China's largest corporate retail gaming network, Sino Tactical International, double hide advanced merchandise for the Asian marketplace.

Playtech is further lifelong adumbrate its expansion into land based gaming, including a licensing agreement recently signed cache leading Mexican casino operator, Entretenimiento De Mexico SA de CV.

The Chief Executive of Playtech, Avigur Zmora, verbal:

"We case forward into 2007 adumbrate ample enthusiasm and assume actual to represent a bit of further advance. Geographical expansion will appear as buttoned up and supported by the addition and improvement of our product portfolio, resulting influence an accession influence the numeral of revenue streams available to the Assemblage. Our lasting need to our employees, who are the driving arm late Playtech's achievement, will assist boost the Aggregation's force and to further authorize its position because the apple's leading supplier of software to the international gaming industry."

Other developments noted by Playtech accommodate adulthood the symbol of platforms through which its software can be delivered. Both mobile phone gaming and Server Based Gaming terminal products were added to its portfolio during the year. In terms of software product development, Pachinko and Mahjong were added to cater for the Asian market and a significant number of new gaming products are expected to be launched during 2007.

Another key development was the signing of a new four year software licensing agreement with PartyGaming Plc at the beginning of 2007. Under this arrangement, Playtech will license its software to several Party Gaming branded websites on an exclusive basis.