Playtech Limited
07 January 2008
Playtech Ltd
('Playtech' or the 'Company')
Pre-close Trading Update
Directorate Change
Playtech (AIM: PTEC), the international designer, developer and licensor of
software to the online, mobile and land-based gaming industry, today announces
that the Company continues to enjoy buoyant trading and has experienced
significant growth in revenues towards the end of 2007, when monthly revenues
reached a record level.
As a result the Company states that it is confident of meeting market
expectations for its operating businesses for its 2007 preliminary results.
With trading in the fourth quarter of 2007 exceeding expectations, the Board is
highly confident of the Company's trading performance for 2008.
The Company also announces today that Avigur Zmora, currently Executive Vice
Chairman, is to move to become a Non-executive Director of the Company.
In this role Avigur will adopt a senior consultancy role and will continue to
work closely with management with a particular focus on strategic matters.
The Company has now entered its close period and its preliminary results will be
announced on 4 March 2008.
-ends-
For Further Information:
Mor Weizer, CEO, Playtech Ltd
Guy Emodi, CFO, Playtech Ltd
c/o Bell Pottinger Tel: 020 7861 3232
www.playtech.com
Tim Mickley
Collins Stewart Tel: 020 7523 8000
David Rydell / Helen Tarbet / Antonia Coad
Bell Pottinger Corporate & Financial Tel. 020 7861 3232
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 650 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
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.