March 23 - Leading online casino software provider Playtech this week
completed a $460 million listing on the London Stock Exchange, following last
year's online gambling listing frenzy involving the likes of 888.com and Party
Gaming. This now publicly values the company at almost $1 billion dollars...
Shares in the company were very tightly held before, but the move means that
46% of their equity is now public. Playtech is widely regarded as one of the
leading online casino gambling software companies, a view supported by the fact
that they license some of the world's largest online casinos and biggest
gambling brands.
Playtech was founded in 1999 and quickly established itself as a significant
player against the likes of Microgaming and Cryptologic in competing for a chunk
of an industry now worth over $12 billion. Playtech reported $48 million profit
for the 2005 financial year..
Playtech went through some rough patches earlier in its history, and a
listing on the Tel Aviv stock exchange wasn't as successful as the company had
hoped. However, the shareholders persisted and signed some of the world's
largest brands and most successful operators and never looked back. Playtech now
offers casino, poker and bingo software and employs over 250 staff.
Click to for a list of our highly recommended
Playtech Casinos.
Related Gambling Articles:
- Kiwi Online Casino Launches Progressive Blackjack - 03-27-06
- Online Casino Offers Players One Hour On The House - 03-25-06
- March Madness 2006 Elite Eight Bracket Decided - 03-25-06
- March Madness Betting Upsets In Sweet Sixteen Round - 03-24-06
- Online Poker Room Giving Away H.O.R.S.E Tournament Seat - 03-23-06
- Online Casinos In UK Face Credit Card Rate Hike - 03-23-06
- March Madness Betting Frenzy - 02-23-06
- Largest Online Poker Tournament In History Announced - 03-23-06
|
Del.icio.us
Digg
Google
Spurl
Furl
Simpy
Y! MyWeb
OnlyWire
Redit
StumbleUpon
Technocrati