Re Agreement

RNS Number : 6848X

Playtech Limited

27 June 2008

 



Playtech Ltd

('Playtech' or 'the Company')

Exclusive Agreement Signed with Genting Stanley

Playtech (AIM: PTEC), the international designer, developer and licensor of software to the online and land-based gaming industry, announces today that it has signed a new licensing agreement to supply its market leading casino and poker products to Genting Stanley Alderney, a subsidiary of Genting International, a leading integrated resorts specialist with over 20 years of international gaming expertise and global experience in developing, operating and/or marketing acclaimed casinos.

Under the terms of the licence agreement, Playtech will provide Genting Stanley Alderney with its casino and poker products. Genting Stanley Alderney has initially launched an online gaming offering deploying one of Genting Stanley's casino brand names, CircusCasino.com.  

In line with the prestigious brand name, Genting Stanley Alderney has focused on successfully incorporating into its sites a look and feel of the land-based casinos. The agreement also includes the provision of Playtech's casino and poker products to other additional Genting International group brands.

Mor Weizer, Chief Executive of Playtech, commented:

'Genting is one of the best known names in the industry and we are very pleased to have reached this agreement with them. The new casino and poker products were specifically designed to appeal to Genting Stanley's casino players and to allow Genting to diversify its business by providing an online offering to its players. The agreement is another example of Playtech's ability to attract additional high quality licensees to its client base. We look forward to a long and rewarding partnership with Genting Stanley Alderney.'

Peter Nolan, MD Online, commented:

'We are delighted with the new agreement signed with Playtech. We were looking to find a complete solution for the Genting Stanley Alderney offer.  Together, we believe that the products delivered by Playtech will provide an experience that mirrors our land-based offer - security, convenience and fun, from the group which is the UK's number one casino operator.'

- ends - 

For Further Information:

Mor Weizer, CEO, Playtech Ltd 

c/o Bell Pottinger Corporate & Financial                           Tel: [phone]     

www.playtech.com

Peter Nolan, MD Online for Genting International

c/o Lucre Communications                                               Tel: [phone]

David Rydell / Chris Hamilton/Helen Tarbet

Bell Pottinger Corporate & Financial                                 Tel. [phone]  

Adrian Johnson

Director, Lucre Communications                                   Tel: [phone]; m 07921 504 134; e [e-mail] 

About Playtech 

Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut. Playtech gaming applications - online casino, poker, bingo, mobile gaming, live gaming, land-based kiosk networks and fixed-odds games - are fully intercompatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Founded in 1999, Playtech has over 700 personnel distributed globally, around seventy five percent of whom are engaged in research and development of current and future gaming technologies. 

Website: www.playtech.com

The Genting Group is Malaysia's leading multinational corporation and one of Asia's best-managed companies. The Group has over 27,000 employees, 11,000 acres of prime resort land and more than 80,000 hectares of plantation land.

The Genting Group is the collective name for Genting Berhad and its subsidiaries that comprises listed entities with a combined market capitalisation of more than US$17 billion.

The Group via Genting International P.L.C. ('Genting International') (www.gentinginternational.com) is a leading resort development specialist with over 20 years of international gaming expertise and global experience in developing, operating and/or marketing internationally acclaimed casinos and integrated resorts in different parts of the world, including Australia, the Americas, Malaysia, the Philippines and the United Kingdom ('UK').

In 2006, Genting International won a competitive tender to build and operate an integrated resort in Singapore's Sentosa Island, called Resorts World at Sentosa. To be opened in early 2010, this integrated resort will house Universal Studios Singapore, The Marine Life Park - the world's largest oceanarium - a maritime museum, a water fun park, a destination spa, six hotels and the live production stage of Mark Burnett Productions Asia.

Genting International is also the largest casino operator in the UK where its subsidiary, Genting Stanley, has a total of 44 casinos - 39 in the provinces and 5 in London with some of the most prestigious clubs (i.e. Crockfords Club, Maxims Casino Club, The Colony Club, and The Palm Beach).

Genting Stanley Alderney (GSA) is a wholly owned subsidiary of Genting International and licensed by the Alderney Gambling Control Commission. GSA operates CircusCasino.com and offers a market leading range of over 100 casino, card and table games including favourites such as roulette, blackjack, pontoon, baccarat, craps and slots. From launch CircusCasino.com will only accept deposits and real play from the UK, Isle of Man and Channel Islands.

The Genting Group was founded in 1965 by the late Tan Sri (Dr.) Lim Goh Tong with the development of a beautiful highlands resort, named Genting Highlands Resort (www.genting.com.my). Located at the peak of Mount Ulu Kali, 2,000 metres above sea level and 58 kilometres from Kuala Lumpur in Malaysia, it is now one of the world's leading integrated entertainment resorts, attracting 19.6 million visitors in 2007.

Under the leadership of Tan Sri Lim Kok Thay, the Genting Group continues to grow from strength to strength. His commitment to excellence, innovation and growth has resulted in the birth of premier global brand names. 

Genting Highlands Resort was voted the World's Leading Casino Resort (2005 and 2007) and Asia's Leading Casino Resort from 2005 to 2007 by World Travel Awards.

The resort offers 6 hotels with 10,000 rooms, over 50 fun rides, 170 dining and shopping outlets, mega shows, international business convention facilities and endless entertainment - all in one location. At 2,000 metres (6,000 feet) above sea level, it enjoys fresh cool climate all year round and splendid views of its natural surrounding highlands. One of its hotels, First World Hotel is the world's largest hotel with 6,118 rooms (officially acknowledged by Guinness World Records and Ripley's Believe It Or Not).

Genting Highlands Resort is owned and operated by Resorts World Bhd ('Resorts World'). In addition, Resorts World owns and manages the Awana chain of hotel resorts in Malaysia (www.awana.com.my), comprising Awana Genting Highlands Golf & Country Resort, Awana Kijal Golf, Beach & Spa Resort, Terengganu and Awana Porto Malai, Langkawi.

One of the country's lowest cost producers of palm oil, the Genting Group's plantation arm, Asiatic Development Berhad (www.asiatic.com.my), has over 80,000 hectares of land in Malaysia and Indonesia. It has some property development projects in the states of Johor, Kedah and Melaka and has a joint venture project developing more land in Indonesia into oil palm plantation.

Asiatic through its subsidiary Asiatic Centre for Genome Technology Sdn Bhd ('ACGT'), has also formed a joint venture with US-based Synthetic Genomics, Inc. In line with its aim to be a world-class centre of excellence in genomic science in Malaysia, ACGT is receiving technical assistance from the highly acclaimed US-based J. Craig Venter Institute to explore the use of genomics-based techniques to improve yields and profit streams of oil palm.

Operating in Malaysia, India and China, the Group's Power Division is a considerable force in the industry with a net attributable capacity of 1,450MW. Its two key assets are the 720MW Kuala Langat gas-fired plant in Malaysia and the 724MW Meizhou Wan coal-fired plant in Fujian, China. In March 2007, the Group divested its paper and packaging businesses to focus on its other core businesses.

The Oil & Gas Division via Genting Oil & Gas Limited (www.gentingoil.com) is the only private Malaysian oil and gas production and exploration company. In China, the division operates an onshore-enhanced recovery oilfield under a Petroleum Contract with Sinopec. In Indonesia, the division has interests in three Production Sharing Contracts signed with BPMIGAS (Indonesia's oil and gas supervisory body).

The Genting Group is committed to continue to grow strongly as a leading Asian multinational corporation.

 

END

 

 

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