Playtech Limited
06 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 of
software for the gambling industry, announces that following the passing of the
Internet Gambling Enforcement Act 2006, it will stop licensing its software to
existing and future operators who accept bets from US players with effect from
the date the Act becomes law.
Playtech's software incorporates back-end features that enable operators to
control and efficiently take such action to block specific jurisdictions.
Accordingly the Company has requested that its existing licensees block
transactions from players residing in the US as soon as practically possible
following the Act's implementation.
From the date of the Act's implementation, Playtech will waive its right to any
licence fees with respect to any revenue generated from US players as identified
in 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 Ltd
c/o Bell Pottinger Tel: 020 7861 3232
www.playtech.com
David Rydell/ Peter Otero/ Amy Rajendran
Bell Pottinger Corporate & Financial Tel: 020 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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