Anonymous Asian Licensee Signed Up By Gambling Software Provider

Speculation is running rife among gambling industry observers regarding the identity of a mystery Asian-facing online gambling licensee as the week closes. This follows a statement to the London Stock Exchange by Playtech, the industry software developer.

Playtech revealed that it has signed up what it describes as a “significant” Asian-facing licensee, but due to “reasons of confidentiality” could not yet release the identity of the mystery company.  However, the statement did say that Playtech is to provide the unidentified operator with new Asian-focused peer-to-peer games, and claims that the new licensee has a “strong and diversified presence in the Asia-Pacific region." The contract is “material to the future profitability” of the firm and Playtech announced that it is “expected to become earnings enhancing during the second quarter of 2008”.

Mor Weizer, CEO of Playtech said, “This is a significant new business win for Playtech and comes after lengthy contract formalities with the licensee.” He added that the scale of the operator and its large client base would make it a “highly valuable addition” to the Playtech stable. “The additional tools and features that we have developed for this operator will further strengthen Playtech’s market-leading position in the vast Asia-Pacific market," said Weizer.

"This licensee has wide experience and market reach and we foresee additional benefits for Playtech, particularly for our new Asia-facing games which we will start providing during the next half year.”

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