Playtech Enjoys Buoyant Trading
Playtech Limited, considered strongly within the online gambling industry to be one of the top two designers and developers of online casino, online poker and other gambling software for use on the internet, announced today in a Pre-close Trading Update to Reuters, in spite of the UIGEA, that the company is growing at strong rates for 2007.
The Company continues to enjoy buoyant trading and has experienced significant growth in revenues towards the end of 2007, when monthly revenues reached a record level.
The report further communicated that the companies confidence in concern to meeting future market expectations, in fact according to the report Playtech exceeded trading expectations for the last quarter of 2007.
Playtech creates gambling software platforms that are tailored toward the upgrade of existing platforms and tailored specifically toward online gambling establishments already in existence. Playtech platforms are well known for being internally compatible. Platforms can incorporated as stand-alone applications, or intertwined and managed by the operator through one interface, linking each players bingo, casino, poker and sportsbetting account and funds. The company was founded in 1999 and currently employs more than 650 people worldwide.
Preliminary results for Playtech Limited (AIM: PTEC) are expected on March 4th.