AGM Statement

Playtech Limited
02 May 2007


2 May 2007


                    Playtech Ltd ('Playtech' or 'the Company')

                        Annual General Meeting Statement


At the Annual General Meeting of Playtech Ltd, to be held this morning, the
Company's Chairman, Roger Withers, will make the following statement:


The year under review has been one of significant progress.  Playtech became a
publicly listed company on 28 March 2006 by way of admission to the Alternative
Investment Market and the business has continued to grow significantly since
that date.  The financial performance for the year ended 31 December 2006, our
maiden preliminary results, demonstrated the continuing strong progress. Total 
revenues for the year were up 89 per cent to $90.1 million while adjusted net
profit after tax was increased by 90 per cent to $67.7 million. This strong
performance reflects the market leading position of Playtech and the quality of
its products and services.  The Company was pleased to recommend the payment of
both an interim and final dividend which in total made up approximately 15.7
cents per share and contributed to a 78 per cent increase in adjusted earnings
per share.  The Board is committed to a strong dividend policy based on
distributing 50 per cent of Playtech's net profits and will endeavour to
recommend dividends on a twice-yearly basis.


The year was not without its challenges.  In October, the US Senate passed the
US Unlawful Internet Gambling Enforcement Act 2006, which proved to be a
watershed for the online gaming industry. Playtech reacted swiftly and
effectively to the changed legislative environment and withdrew from the US
market in good time, thereby protecting the Company from any negative legal
outcome.


Playtech was already well advanced in diversifying its geographic reach and
while there was an impact on revenue generation at the time, this continues to
be offset by new client revenues generated from non-US territories and I am
pleased to state that monthly income is now close to levels of a year ago. This
again, reflects the robust nature of Playtech's diversified model, geographic
reach and quality of its products and services.


Playtech is committed to growing and diversifying its business portfolio - both
geographically and by product type.  During the year, the Company made a number
of significant announcements demonstrating its reach into new territories and
further into its markets.  Notable amongst these was in November 2006 when the
Board announced the acquisition of certain non-US assets of Tribeca Tables
Europe Ltd which accelerated the Company's growth in the online poker
marketplace. This was a significant earnings-enhancing transaction for Playtech.
The Company continues to develop its land-based products and services and the
premier brand of Videobet continues to grow ahead of our expectations as
demonstrated by important contract wins. The international land based gaming
market is an important revenue centre for Playtech where the Board sees
increasing growth opportunities to supplement its core market of remote online
gaming.  Technological advances in modern land-based gaming machines - which can
significantly reduce capital expenditure costs for casino operators -   means
that the server-based technological platforms created, supplied and supported by
Playtech are in growing demand and the Board believes that this is a trend that
will continue to accelerate across both new and existing gaming establishments
on an international basis.


Playtech continues to diversify its products to meet the new distribution
requirements of its customers. Mobile phone gaming is an emerging market and the
Company successfully launched a number of new platforms in 2006 to meet customer
demand for this potentially huge marketplace.


In terms of new market development, of note was Playtech's successful launch of
Pachinko and Mahjong product software to cater for the important Asian market.

Playtech is committed to innovation and the development of new products and
services to meet client demands.  New business generation is essential to the
Company health and the retention of its position as the leading provider of
technology to the international gaming industry and technological innovation. As
I stated at the time of the Company's preliminary results, it is the Board's
firm view that there remains great potential for growth in the global gaming
market and Playtech is well placed to play a fundamental role in developing this
burgeoning sector.  In short new business development is paramount to the
business and is the lifeblood of the continuing success of the Company.


In this regard, it is the Board's intention to create a new Executive Director
position of Deputy Chairman with responsibility for international business 
development. It is intended that the position will be taken up by Avigur Zmora, 
the current Chief Executive who has steered the Company through its successful 
IPO and to the position it enjoys today as a world leading international 
designer, developer and licensor of software to the gaming industry. Avigur will 
focus on all regulated markets and the Videobet product.


Avigur will be transferring his position from Chief Executive to fulfil his new
role. I look forward to working with him in his new capacity. His new role will
ensure that the company continues to reap the rewards of his extensive industry
knowledge and entrepreneurial skills.


It is the Board's intention to appoint Mor Weizer as Chief Executive. The Board
of Playtech is scheduled to meet this afternoon to ratify the aforementioned
changes and will make an announcement in due course.


Mor is a qualified chartered accountant and has been a senior operational
manager within Playtech for approximately two years during which time he has
managed ongoing customer relations, product delivery and technical support as
Chief Executive Officer of Techplay Marketing Ltd. He joined the Group in July
2005. His responsibilities included overseeing Playtech's licensee relationship
management, product management for new licensees and the Company's marketing
activities.


Prior to joining the Playtech Group, Mor worked for Oracle for over four years,
initially as a development consultant and then as a product manager, creating
sales and consulting channels in Europe, the Middle East and Africa. Before
this, he worked in a variety of roles, including as an auditor and financial
consultant for PricewaterhouseCoopers. I look forward to welcoming Mor to the
Board.


 As Playtech's customer base continues to grow and increasingly includes large
multinational clients, it is essential that the Chief Executive has a strong
experience of managing complex multi-dimensional client relationships and Mor is
ideally suited to that role.  In light of the significant advances made in the
last year under the direction of Avigur, one of the principal roles of the Chief
Executive is now on cementing these advances while continuing to develop the
business.


I would now like to provide a short update on current trading conditions.  The
Company will be making a detailed statement on trading in the first quarter of
2007 on 10 May 2007. Ahead of that announcement, I am pleased to report that
strong progress has been made in all key areas of the business. Notably, the
Tribeca Tables acquisition referred to earlier has performed beyond our
expectations and we are delighted with the current level of monthly income.  We
continue to engage with non-US markets and have seen particular further strides
into the Asian marketplace.  However, we continue to be focused on international
markets as a whole.


Our Research and Development centres in Estonia and Bulgaria continue to grow
and deliver best-of-breed products and services. Without them, Playtech would
not be in the market leading position that it is.  We are grateful to all of our
staff around the world.


We are confident that 2007 will deliver our expectations for revenue growth and
margin delivery.

                                    - ends -


For Further Information:


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