23rd Nov 2007 07:01
Playtech Limited23 November 2007 Playtech Ltd ("Playtech" or "the Company") Material Licence Contract Signed with Leading Asian Gaming Company Playtech (AIM: PTEC), the international designer, developer and licensor ofsoftware for the online and land-based gaming industry, announces today that ithas signed a new licence contract with one of the largest Asia-facing onlinegaming operators (the "Licensee"). The company, which has a strong and diversified presence in the Asia-Pacificregion, is a significant addition to Playtech's licensee portfolio and reflectsthe Company's continued success in the penetration of the Asia-Pacific region. For reasons of confidentiality the Licensee cannot currently be named. However, Playtech states that the contract is significant and material to thefuture profitability of the Company. The contract is expected to become earningsenhancing during the second quarter of 2008. Playtech will provide the Licensee with software platforms for its casino, pokerand Asian peer-to-peer (P2P) games, which are being developed for the first timeby Playtech. Playtech is contracted to develop further Asian P2P games for the Licensee. Mor Weizer, Chief Executive of Playtech, commented: "This is a significant new business win for Playtech and comes after lengthycontract formalities with the Licensee. The scale of its operations and itslarge and diverse base of clients across Asia make it a very valuable additionto our growing portfolio. The additional tools and features that we have developed for this operator will further strengthen Playtech's market leadingposition in the vast Asia-Pacific market. "This Licensee has deep-rooted experience and market reach and we foreseeadditional benefits for Playtech, particularly for our new Asia-facing gameswhich we start rolling out over the next two quarters." - ENDS - For Further Information: Mor Weizer, CEO, Playtech Ltdc/o Bell Pottinger Tel: 020 7861 3232www.playtech.com David Rydell / Helen Tarbet/ Antonia CoadBell Pottinger Corporate & Financial Tel.020 7861 3232 About Playtech Playtech develops unified software platforms for the gambling industry,primarily targeting existing online operators wanting to upgrade their system;sportsbooks looking to diversify and land-based operators making their onlinedebut. Playtech gaming applications - online casino, poker, bingo, mobilegaming, live gaming, land-based kiosk networks and fixed-odds games - are fullyintercompatible and can be freely incorporated as stand-alone applications,accessed and funded by players through the same user account and managed by theoperator by means of a single powerful management interface. Founded in 1999,Playtech has over 600 personnel distributed globally, around eighty percent ofwhom are engaged in research and development of current and future gamingtechnologies. Website: www.playtech.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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