12.03.2007
Completion Of The Migration Of The Tribeca Poker Network Onto The Playtech Platform
Playtech (AIM: PTEC), the listed international designer, developer and licensor of software to the gaming industry, today announces an operational update following the acquisition of certain non-US assets and undertakings of Tribeca Tables Europe Limited ('Tribeca') on 13 November 2006.
Playtech is pleased to announce that the migration of the Tribeca and Tain poker networks onto Playtech's network has now been completed, a month ahead of initial management expectations.
Playtech is delighted to note that within the last 5 months, the number of concurrent players during peak time has increased from 8,400 to over 20,000 players post migration.
In addition to the poker royalties that Playtech will receive from its enlarged poker network, it should be noted that the Group has been successful in cross selling side casino games to a number of the poker licensees which will result in an additional revenue stream.
The acquisition significantly strengthens Playtech's share of the global online poker gaming market and is in line with the Company's continued strategy to diversify its portfolio and geographical reach making it the World's leading poker network.
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