Playtech In Damage Control Mode
Published: Friday, July 21, 2006 Online-Casinos.com
PLAYTECH IN DAMAGE CONTROL MODE
Turnkey provider notes that it does not develop sportsbetting software
Gambling software developer and turnkey provider Playtech, which is listed on the London exchange reacted to share price declines this week caused by the BetonSports - USA legislative situation, drawing attention to the fact that it does not provide sportsbetting software.
Earlier reports (see Online-Casinos.com and InfoPowa bulletins) indicated that in the first half of the week the company's shares had taken a hammering along with other online gambling stocks, declining by as much as a third at one point.
In a public announcement, the Playtech board noted the recent fall in its share price and clarified that it does not provide sports betting software and that it is not an online gaming operator.
Its operations are the supply of licensed software to operators in online casino, poker and bingo markets, the company stressed.
Playtech will be announcing a second quarter trading update on 26 July 2006.
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