6th Oct 2006 12:08
Playtech Limited06 October 2006 Playtech Limited ("Playtech" or "the Company") Statement Regarding The Internet Gambling Enforcement Act 2006 Playtech (AIM: PTEC), the international designer, developer and licensor ofsoftware for the gambling industry, announces that following the passing of theInternet Gambling Enforcement Act 2006, it will stop licensing its software toexisting and future operators who accept bets from US players with effect fromthe date the Act becomes law. Playtech's software incorporates back-end features that enable operators tocontrol and efficiently take such action to block specific jurisdictions.Accordingly the Company has requested that its existing licensees blocktransactions from players residing in the US as soon as practically possiblefollowing the Act's implementation. From the date of the Act's implementation, Playtech will waive its right to anylicence fees with respect to any revenue generated from US players as identifiedin reports that the Company receives from its licensees. As previously stated, the Board is confident that the Company has substantial business development opportunities in Asia, Europe and South America and is supported by significant cash resources and operating cash flows. The Board reiterates that the Company's new business and product development pipeline, including commissioned products, is entirely focused on non-US markets, as are all new licensees. For further information: Avigur Zmora, CEO, Playtech Ltdc/o Bell Pottinger Tel: 020 7861 3232www.playtech.com David Rydell/ Peter Otero/ Amy RajendranBell Pottinger Corporate & Financial Tel: 020 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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