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Thema: Playtech Casinoinfos 2006

  1. #1
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    16.01.2006
    Playtech to Expand its Game Portfolio

    Playtech has recently announced the expansion of its games portfolio with the addition of five new games to Playtech-powered casinos, upping the number of available games on the expanded platform to more than 80. Alongside these new games, Playtech has also released additional flash versions of some of its downloadable games. The recent release is the latest in a long line of new product development by Playtech, enhancing the company’s foothold as an industry leader and providing operators with advanced performance and first-to-market features.

    The new games include three 5-reel 20-line multi coin slot games – A Night Out, Desert Treasure and Dr. Lovemore – featuring both cash prize bonus rounds and free spin bonuses. The 20 line slot games release is in line with the growing popularity of multi line video slots in both land based and online casinos. The other games include Casino Hold’Em, a simplified form of the popular Texas Hold’Em poker game tailored for casino players and a new version of Blackjack offering multi-hand support of up to five hands, which was added to all existing Blackjack versions offered by Playtech. Additionally, multi-player and private group modes were enhanced to support up to five participants.

    Keeping to its high-standards, Playtech’s latest editions have state-of-the-art graphic interfaces and extra high-quality sound, proving that they continuously keep players in mind. The latest release, which compliments the existing suite, was designed in-step with the traditional Playtech product development policy, focusing primarily on the needs and requests of Playtech casinos and their players. The new games come just after the September release of Playtech’s new generation platform codenamed “NG”. The NG platform introduces some first to be seen features like multiple-window-gameplay and other advanced features such as integrated web-based content, autoplay feature in all slot machines with both simple and advanced modes and real-time progressive jackpot tickers display in the casino lobby, increasing the operators' control over gaming content and providing them with advanced tools and their players with a rich gaming experience.

    According to Iris Toledano, Playtech Marketing Director, “these new games diversify our platform, offering some of the most popular and cutting edge games within the industry. Feedback on the latest launch from both operators and players has been excellent, with immediate requests for more. In answer to these demands, we aim to release more new games in greater frequency in 2006”.


    07.03.2006
    Hard Rock Casino Completes Successful Migration to Playtech Software

    Playtech is proud to announce yet another successful migration to its platform. Hard Rock Casino, which brings together the heritage of the Hard Rock Cafe brand - the world's leading collector and exhibitor of rock 'n' roll memorabilia and online gaming, has completed the successful migration of its online casino product to the Playtech platform. This is Playtech’s first launch after having acquired a Certificate of Prior Approval from the Alderney Gaming Control Commission (AGCC), one of the most highly regulated jurisdictions.

    The new Hard Rock Casino, which offers players over 85 richly-themed games, amongst which are integrated live games and some of the best progressive games in the industry, is based on Playtech's Next Generation (NG) platform and supports multiple window gameplay, integrated web presentation within the gaming environment and embedded real-time ticker display. These technological developments provide increased operator control over gaming content and consequently increased conversion rates across all games.

    Hard Rock Casino has also joined the winajackpot.com network, a portal dedicated to broadening the appeal of Playtech hit progressive jackpot games such as Gold Rally, which recently set the record of the web’s biggest jackpot win ever.

    Commenting on the software move, Steve Humphries from Hard Rock Casino said: "We were extremely satisfied with the smooth player migration facilitated by Playtech's staff and by the professional attitude in which the migration took place. We are eager to take advantage of multi-currency and multi-lingual options afforded to us by the Playtech software; this will allow us to expand into new territories."

    According to Playtech's Marketing Director, "Playtech is very happy to launch one of the world's most recognized brands. We at Playtech are truly confident that Hard Rock Casino will benefit from the advanced tools as many other migrated licensees do. This is the first casino that we've launched in Alderney's highly respected Tier-1 jurisdiction, and we're pleased that it came soon after having acquired a Certificate of Prior Approval from the Alderney Gaming Control Commission (AGCC)."

    About Hard Rock Casino
    With 120 Hard Rock Cafes and 13 Hard Rock Hotels and Casinos in more than 40 countries, Hard Rock International owned by The Rank Group Plc (NASDAQ: RANKY) is one of the world's most globally recognized brands. Launched in July 2002 HardRockCasino.com brings together the heritage of the Hard Rock Cafe brand - the world's leading collector and exhibitor of rock 'n' roll memorabilia - and Rank's experience in the casino industry. Hard Rock Casino offers players some of the most innovative and exciting offers for both new Hard Rockers and for seasoned Rock ‘n Rollers. Hard Rock Casino offers a whole wealth of fun and thrills with links to land based Hard Rock Casinos, Hotels and Cafes.
    http://www.hardrockcasino.com



    22.03.2006
    Playtech Acquires Remote Gambling Association Membership

    Playtech, a leader in the development of online gaming software, recently announced its membership in the Remote Gambling Association (RGA). To qualify for membership, software providers must supply their product to at least one remote gambling operator who is licensed and operational in the Channel Islands. Playtech's membership comes soon after its acquisition of a Certificate of Approval from Alderney, the third largest Channel Island, and its successful migration of Hard Rock Casino, an Alderney-licensed casino.

    The RGA, which was founded in July of 2005 following the merger between the Association of Remote Gambling Operators (ARGO) and the Interactive Gaming, Gambling and Betting Association (IGGBA), is an organization that represents and works for the benefit and service of remote gambling operators in the areas in which their members have an interest. Aside from representing members' interests to national governments and public bodies, the RGA also works to encourage high standards of probity and integrity within the betting and gaming industry, both for the benefit of its members and the public in general.

    Playtech's Marketing Director said, "We at Playtech are extremely pleased with our new membership in the RGA. Their work is invaluable to the gaming industry, and we feel that they can best represent our interests to regulatory authorities."


    About RGA
    The Remote Gambling Association became operational on 1st August 2005 as a result of the merger between the Association of Remote Gambling Operators (ARGO) and the Interactive Gaming, Gambling and Betting Association (IGGBA).
    The RGA represents the world's largest and most well known remote gambling companies and provides the industry with a single voice on all the issues of importance to regulators, legislators, and key decision makers around the world.
    www.rga.eu.com


    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, 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 250 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies.
    www.playtech.com

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    29.03.2006
    Playtech Successfully Admitted to AIM

    Playtech, the international designer, developer and licensor of software for the gambling industry, is pleased to announce that dealings in its ordinary shares are due to commence trading on the AIM market of the London Stock Exchange plc at 8.00 am today.

    Key highlights

    • The placing has raised approximately £265.2 million gross through a placing of 103,142,466 ordinary shares (the “Placing Shares”) at 257 pence per ordinary share. The Company has raised net proceeds of approximately £31.8 million. The ordinary shares, subject to the placing, represent approximately 48 per cent. of Playtech’s total issued ordinary shares.

    • The shares will trade under the ticker symbol PTEC.L.

    • Collins Stewart acted as sole bookrunner, nominated advisor and joint broker. Seymour Pierce acted as joint broker.

    • The placing values Playtech at approximately £548 million, reflecting the total number of ordinary shares in issue of 213,333,333.

    • The Placing Shares have been placed with a broad range of international institutional investors.

    • In the two year period ended 31 December 2005, Playtech recorded a 268 per cent. increase in revenues to US$47.6m. In the same period, post tax profit increased from approximately US$8.3m in 2003 to US$35.6m in 2005.


    Roger Withers, who has over 30 years of experience in the leisure and gaming industries, has been appointed non-Executive Chairman with effect from Admission.

    Commenting on today’s announcement, Avigur Zmora, Chief Executive Officer of Playtech, said:

    “The outstanding interest in Playtech’s shares from both US and UK investors is a clear endorsement of the company’s offering, business model and prospects. We look forward to life as a plc and to continuing the growth of the business.”



    10.04.2006
    Bingo Fantasy Successfully Migrates to Playtech Platform

    Bingo Fantasy recently announced the successful completion of its migration to a Playtech bingo software platform, also joining Playtech's bingo network, Bingoland.com. Launched originally in September of 2001, Bingo Fantasy is a leading online bingo site which boasts four bingo halls and a wide range of bingo games.

    Owned and operated by Sea Gate N.V., Bingo Fantasy's decision to migrate stemmed from the efficient service of Playtech's platform and administration system received by Bingo Fantasy's sister site, Bingo777.com, which has been operating on Playtech's platform since 2003.

    As part of the migration, Bingo Fantasy has joined Bingoland.com, a bingo network supporting fully customized bingo games, complete with multiple rooms, a choice of game types, scratch cards and embedded progressives. Following its successful migration, Bingo Fantasy will be able to immediately capitalize on Bingoland.com's substantial resources in terms of players, prize money and centrally prepared marketing collateral. Part of the reason Bingo Fantasy selected Playtech to be its software provider was for access to the Bingoland Network's cutting-edge software, tremendous jackpots and for the friendly and dynamic online bingo community and limitless options that the network offers its players.


    “The decision to move to Bingoland was rooted in our desire to constantly give our players more,” said Bingo Fantasy Manager Adam Sutherland. “We've been giving bingo fans great online bingo action since 2001, and we're now embarking on a new era with new partners. We're sure that this will result in a much better online bingo experience for our players,” he added.


    Playtech's Marketing Director commented, "The Playtech team is extremely satisfied with Bingo Fantasy's smooth and successful migration to our platform. We are fully confident that Bingo Fantasy will soon benefit from the many advantages that our bingo network and product offer.”

    About Bingo Fantasy
    Founded in 2001, Bingo Fantasy is a leading online bingo site, which boasts four bingo halls and a wide range of bingo games. Bingo fantasy, which is owned and operated by Sea Gate N.V., offers classic American 75-ball bingo and 90-ball UK bingo, in addition to built-in scratch cards, slots, multi-line, multi-reel progressives, and video poker games.
    www.BingoFantasy.com

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    10.04.2006

    Bingo Fantasy Successfully Migrates to Playtech Platform

    Bingo Fantasy recently announced the successful completion of its migration to a Playtech bingo software platform, also joining Playtech's bingo network, Bingoland.com. Launched originally in September of 2001, Bingo Fantasy is a leading online bingo site which boasts four bingo halls and a wide range of bingo games.

    Owned and operated by Sea Gate N.V., Bingo Fantasy's decision to migrate stemmed from the efficient service of Playtech's platform and administration system received by Bingo Fantasy's sister site, Bingo777.com, which has been operating on Playtech's platform since 2003.

    As part of the migration, Bingo Fantasy has joined Bingoland.com, a bingo network supporting fully customized bingo games, complete with multiple rooms, a choice of game types, scratch cards and embedded progressives. Following its successful migration, Bingo Fantasy will be able to immediately capitalize on Bingoland.com's substantial resources in terms of players, prize money and centrally prepared marketing collateral. Part of the reason Bingo Fantasy selected Playtech to be its software provider was for access to the Bingoland Network's cutting-edge software, tremendous jackpots and for the friendly and dynamic online bingo community and limitless options that the network offers its players.


    “The decision to move to Bingoland was rooted in our desire to constantly give our players more,” said Bingo Fantasy Manager Adam Sutherland. “We've been giving bingo fans great online bingo action since 2001, and we're now embarking on a new era with new partners. We're sure that this will result in a much better online bingo experience for our players,” he added.


    Playtech's Marketing Director commented, "The Playtech team is extremely satisfied with Bingo Fantasy's smooth and successful migration to our platform. We are fully confident that Bingo Fantasy will soon benefit from the many advantages that our bingo network and product offer.”

    About Bingo Fantasy
    Founded in 2001, Bingo Fantasy is a leading online bingo site, which boasts four bingo halls and a wide range of bingo games. Bingo fantasy, which is owned and operated by Sea Gate N.V., offers classic American 75-ball bingo and 90-ball UK bingo, in addition to built-in scratch cards, slots, multi-line, multi-reel progressives, and video poker games.
    www.BingoFantasy.com
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    23.April 2006

    Cameo Casino - The World's First Online Casino For Women has Launched!
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    Cameo Casino launched this week, and promises to be the web's most exciting and innovative online casino. Why? Because Cameo Casino is the world's first and only online casino created especially for women.

    Women make up at least 50% of players in the online gaming market - a fact that had not been acknowledged in the gaming industry until now. Promotions and advertising have always been designed for the typical “Joe” and have centered around male dominated themes.

    Now with the creation of Cameo Casino, “Jane” has her own Casino, where she can “Play it Her Own Way”.

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    Cameo Casino is offering its first time depositors a 100% sign-up bonus up to an incredible $500. Cameo Casino is also offering a Refer a Friend program, special VIP Program, and will also be giving complimentary points based on player loyalty, officials at the company said.

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    01.06.2006

    Playtech to Release Another Exclusive Game

    In line with ongoing efforts to expand its games portfolio and provide its licensees with new and attractive casino games, Playtech has recently released yet another exclusive casino game – Tequila Poker. This comes after the release of Playtech’s first exclusive and popular game Blackjack Switch, a game available solely to Playtech licensees. The recent release is the latest in a long line of new product development by Playtech, enhancing the company’s foothold as an industry leader and providing operators with extra marketing value due to the game's exclusivity to Playtech licensees.

    Released in April of 2006, Tequila Poker premiered in the land-based Hard Rock Casino in Las Vegas last year, and has recently been accepted by the Nevada Gaming Commission for deployment in various land-based casinos throughout Las
    Vegas. In the online arena, Tequila Poker's creators have licensed the game exclusively to Playtech.

    Tequila Poker is a unique card game combining two game modes, High Tequila which is a high/low type game, and Tequila oker which is a poker style game. The game is played with a single deck of cards and in every round the player, using the initial four cards dealt, can opt to either continue the hand based on High Tequila or Tequila Poker rules, or can fold the hand and forfeit the ante. Once the player has chosen a preferred game mode, the ante bet is doubled, two more cards are dealt and the final outcome is determined based on the six cards dealt. According to High Tequila rules, the combined value of the five highest ranking cards is calculated, with a total result of 46 or higher considered a winning hand. In the Tequila Poker mode, the six cards are used to construct the best five card poker hand, with a pair of aces or higher winning the hand. In both game modes, the paytable is relevant only to the bet while the ante is paid back at a rate of 1:1.

    Avigur Zmora, Playtech CEO commented, "Tequila Poker is another great example of Playtech's commitment to the success of their licensees. We are happy to be able to increase the frequency of casino games releases, and even more so when we are able to release exclusive games for the sole use of our licensees. This new addition to our casino games portfolio is expected to attract both existing and prospective players. The benefit is two-fold – a new exciting game and a great marketing tool bound to attract many new players due to its exclusivity."
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    02.06.2006
    Partnership Contract

    Playtech, the AIM listed international designer, developer and licensor of software for the gambling industry, today announces that it has agreed to exclusive terms with TankSoft Inc, one of the foremost speciiiaaaaaliiiiiiizzzzzzzts in mahjong gaming software.

    As a central part of Playtech's strategy to build on its market leading position in Asia and to gain competitive advantage it aims to offer its Licensees the best mahjong products available. After extensive research TankSoft was chosen as the ideal partner in that it is the only company that offers solutions to the major issue of collusion. It also allows Playtech to offer a full range of mahjong games which include country specific versions and various unique and patented features. Playtech expects to be able to offer its Licensees mahjong games by the end of 2006.

    TankSoft is a well established and respected company in its gaming field, having been responsible for mahjong products dating back to 2000 and is the holder of several key mahjong patents. Its management team has unparalleled experience
    with President and CEO, Dr Tai-Up Kim, involved in the game for over 30 years. The company also retains the consultant Mr Ide Yosuke, who has been world mahjong champion on several occasions and has published more than 20 books on mahjong. TankSoft has previously licensed its mahjong programme libraries to Nexon Japan who have been utilizing the TankSoft product on their play for fun sites.

    Avigur Zmora, CEO of Playtech, commented: "We have 11 sites that cater specifically to the Asian market that have been requesting mahjong games from us. In order to ensure the quality of product that our licensees have come to expect from Playtech we have been careful to find the best partner in this field. In TankSoft we believe we have found that partner. By the end of 2006 we will have added TankSoft's market leading games and functionality to Playtech's tried and tested core gaming platform which will help us to further penetrate the Asian market."

    TankSoft President, Dr Kim, commented: "We are very excited to be working with the industry leader in gaming software for Asia, if not the world. Amongst the many companies that approached us, they were the only ones that recognised the importance of the measures taken to completely negate collusion and the other features that make our games truly unique. The combination of our dynamic and reliable games coupled with Playtech's highly respected platform should result in a world leading mahjong offering."
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    17.07.2006
    Imperial E-Club Releases New Bingo Site on Playtech Platform

    Playtech recently announced the successful launch of a new bingo site - Bingoday, owned and operated by Imperial E-Club Ltd, one of the industry's leading online gaming operations. Imperial E-Club Ltd., licensed in Antigua and Barbuda, has chosen Playtech as its sole software provider since its inception in 2001, and its release of Bingoday further enhances Playtech's impressive bingo portfolio.

    By joining Playtech's bingo platform, Bingoday will also become a member of Playtech's proprietary Bingoland.com network, which supports fully customized games, multiple rooms, a selection of game types including built-in scratch cards, slots, multi-line & multi-reel progressives, video poker games and much more. Bingoday's offering, which includes both 75-ball and 90-ball options, offers four different bingo halls, live professional chat moderators and many other unique features. Following its successful launch, Bingoday will immediately be able to capitalize on Bingoland's significant resources in terms of players, prize money and centrally prepared marketing collateral in addition to the network's cutting-edge software and huge jackpots.

    "Given Imperial E-Club's long-term experience with Playtech, it was a natural decision to use Playtech’s bingo software technology, as well as the BingoLand Network, for the launch of our first bingo site, www.BingoDay.com. With innovative, cutting-edge technology plus unmatched service and support, Playtech has helped to boost Imperial E-Club’s casino and poker sites to leadership positions in online gaming. They have consistently stayed ahead of the competition by anticipating growing consumer needs – and we’ve remained on the Playtech technology platform for its responsiveness in answering these needs. We've enjoyed many excellent years with Playtech, building a strong technical relationship and a tried-and-true record of online success," stated Jay Douglas, Manager of Bingoday.

    "With huge jackpots, an established network of veteran players and friendly, professional staff, Bingoday offers its players the absolute most for their money," concluded Douglas.

    Avigur Zmora, Playtech CEO commented, "The Playtech team is extremely pleased with Bingoday's launch and is looking forward to its online success. Imperial E-Club operates some of the most successful Internet operations and we are confident that their latest offering – Bingoday – will become a major success, like their current offerings.”

    About Imperial E-Club
    Imperial E-Club is the operator of several leading online casino platforms and one of the industry's leading online gaming operations. Imperial E-Club consistently provides the highest levels of professionalism and customer service to their ever-growing player population. Serving all the world's major markets in multiple languages, Imperial E-Club operates many of the world's most popular online casinos and fastest-growing poker rooms. All Imperial brands are unique with specially designed websites, software and promotional activities.

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    26.07.2006
    Playtech Announces Trading Update for the Second Quarter of 2006

    Playtech, the international designer, developer and licensor of software for the gambling industry, today announces a trading update for the second quarter of 2006.

    Highlights
    • Total Revenues for the quarter increased by 133% compared to the same period last year and 22% on the previous quarter to $25.4 million

    • Casino Revenues for the quarter increased by 121% compared to the same period last year and 21% on the previous quarter to $22.0 million

    • Poker Revenues for the quarter increased by 701% compared to the same period last year and 30% on the previous quarter to $2.7 million

    • As of 30 June 2006, Playtech had 42 active licensees operating a total of 137 game sites, representing an increase of eight new licensees and an addition of 34 new game sites compared to the same period last year and an increase of four new licenses and 22 new game sites on the previous quarter

    • Significant progress made in new products and platforms development - Videobet, Mobile and Mahjong - enhancing Asian market appeal

    • Percentage of player income from the USA continued to decrease – reduced to 48% from 58% over the same period last year and from 49% in the previous quarter

    • Continuing focus on Asian and European markets. Asian revenues increased 17% during the second quarter compared to the first quarter of 2006 and European revenues increased by 33% over the same period

    Commenting on today's trading update, Avigur Zmora, CEO of Playtech said: "Playtech has shown very strong growth over the past quarter. Both Casino and Poker revenues continue to grow and our policy of geographical diversification continues on track. It is also very encouraging to see the progress in our development pipeline. We look forward to the second half of the year with confidence."

    For further information:

    Avigur Zmora,
    Chief Executive Officer, Playtech Ltd
    c/o Bell Pottinger + 44 (0) 207 861 3232

    Bell Pottinger
    David Rydell/Peter Otero + 44 (0) 20 7861 3232



    Second Quarter Trading Update

    Playtech has continued to experience very strong trading in the second quarter across the Company, despite this period being a traditionally weak quarter in the online gaming industry. Revenues from Casino, Playtech's core product, continued to grow faster than the market owing to the high number of new licensees joining the company and the strong performance of existing licensees.
    Poker revenues, currently 11% of total revenues, showed a significant increase over Q2 2005, clearly illustrating the effectiveness of the Company's effort to diverse its product offering. The poker network, iPoker, is gaining popularity and reached a peak of more than 11,000 concurrent players during the period.


    Licensees

    New licensees continue to be signed up, which, in line with the Company's strategy of geographical diversification, predominately cater for the Asian and European markets. Playtech also continues to work with its existing licensees to create unique branding and marketing options by adding new games and game sites.
    During the second quarter the Company launched four new licensees, compared to two in the first quarter of 2006 and three in the second quarter of 2005. 22 new game sites were also added for both existing and new licensees in this quarter, compared to six in the first quarter of 2006 and 13 in the second quarter of 2005. The vast majority of Playtech's new licensees' pipeline caters for the Asian and European markets.


    Geographical diversification

    The Company continues to add high quality licensees from around the world with a focus on Europe and Asia. The percentage of players' income contribution attributable to non-US players has increased during the second quarter.
    Management expects Asia to continue growing its percentage of total revenues starting in the fourth quarter helped by the release of specific games targeting Asian players and the launch of new licensees which have been postponed until after the World Cup.

    Playtech continues to maintain its strategy of creating a more balanced geographical business portfolio. As a result over the past six months it has launched two licensees catering for Asia, three licensees catering for Europe and one licensee catering for North America.


    Product and platform expansion

    Playtech continues to develop products for specific markets worldwide.
    Developments in the following products are of note in the second quarter.

    •Videobet

    Playtech has completed the development of its software for interactive video terminals and expects to install its software for the first machines during the third quarter. This marks the Company's first move into land based gaming markets and allows it to extend the expertise and game portfolio it has developed with its online casino products. It should be noted the Company does not intend to build or produce the terminals themselves at this stage, but to
    focus on providing the software.

    •Mobile

    Playtech has launched its first real money mobile application as part of its unified platform, supporting five of its top 2006 online casino games. The management believe that there is significant potential for this application in a number of countries, most notably in Asia, and is working closely with its Asian licensees in preparation to launch a fully operative customize product for this market by the end of 2006.

    •Mahjong

    As part of its strategy to further penetrate the Asian market, Playtech has signed an agreement in the second quarter to license exclusive intellectual property rights to elements of the Mahjong game. Playtech believes that this new intellectual property will create a strong competitive edge over competing products in the region. The Company aims to launch the first phase of its Mahjong product by the end of 2006 and will make further announcements in due course.


    Current trading

    We enter the third quarter with confidence. Diversification of the product portfolio and international expansion remains a key element of the Company's strategy. Playtech is on the verge of launching a number of new client sites.
    New country and region specific products are close to completion and we expect to announce the sign up of new licensees and expect the new products and platforms, including videobet, mobile, Mahjong, along with other Asian games, to start generating revenue by the end of the year.


    Second Quarter Key Performance Indicators

    Revenues

    Three months ended 30 June 30 June Change 31 March Change
    '000 ($) 2006 2005 2006

    Total Revenues 25,411 10,898 133% 20,767 22%
    Casino Revenues 22,141 9,955 122% 18,246 21%
    Poker Revenues 2,723 340 701% 2,090 30%




    Licensees and Game Sites

    As of 30 June 30 June 31 March
    2006 2005 2006

    Number of Licensees 42 33 38
    Number of Game Sites 137 103 115



    Relative Share of Geographical Diversity(1)

    Three months ended 30 June 30 June 31 March
    2006 2005 2006

    North America - USA 48% 58% 49%
    North America - Canada 4% 4% 4%
    Europe 26% 22% 24%
    Asia Pacific 20% 13% 21%
    Rest of the World 2% 3% 2%



    Nominal Growth in Geographical Regions

    Period Q2 2005 to Q2 2006 Q1 to Q2 2006

    North America - USA 93% 20%
    North America - Canada 133% 22%
    Europe 176% 33%
    Asia Pacific 259% 17%
    Rest of the World 55% 22%



    First Half Key Performance Indicators

    Revenues

    Six months ended 30 June 30 June Change
    '000 ($) 2006 2005

    Total Revenues 46,178 19,300 139%
    Casino Revenues 40,387 17,631 129%
    Poker Revenues 4,813 506 851%



    Relative Share of Geographical Diversity(1)

    Six months ended June 30 June 30
    2006 2005

    North America - USA 49% 62%
    North America - Canada 4% 4%
    Europe 25% 20%
    Asia Pacific 20% 11%
    Rest of the World 2% 3%



    Nominal Growth in Geographical Regions

    Period H1 2005 to H1 2006

    North America - USA 89%
    North America - Canada 139%
    Europe 199%
    Asia Pacific 335%
    Rest of the World 60%


    (1) The relative share is calculated as the total players income derived from the specific region divided by the total income from all regions


    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, 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 250 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies.
    www.playtech.com
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  10. #9
    Casinospieler Avatar von Newsflash
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    07.08.2006
    Playtech Set for Addition to Games Portfolio

    Playtech recently announced its July release of new games with the addition of another four games to its games portfolio, expanding the number to over 90. This game release is the latest effort by Playtech's product development team, well-known throughout the online gaming industry for its top-quality graphics, advanced performance and an overall entertaining gaming experience.

    The new games, which include Ugga Bugga, a 10-row mutli spin video slots, 50 line Jacks or Better video poker, 20-line Lotto Madness video slots and Dollar Ball - which introduces a brand new concept to online gaming and is an exclusive Playtech offering– shall be released to all Playtech licensees in the coming days.

    The Ugga Bugga game is a new, 10 row multi spin video slot game based on an African tribal concept. 50 lines Jacks or Better takes the Jacks or Better concept to a whole new level by increasing the number of rows, thereby allowing for a wide range of bet options for any player, regardless of budget constraints. Lotto Madness, a 20 line video slot game featuring a bonus round in which free spins with a win multiplier can be won, has been highly anticipated by Playtech licensees following the success of previous 20 line video slot games. Additionally a new progressive game called Dollar Ball, an exclusive Playtech offering available only to its licensees, has been added to the game portfolio. Dollar Ball, a side game embedded within the new Lotto Madness video slot, introduces a new feature in which players may opt to bet one additional dollar as a progressive side bet before spinning the reels of the Lotto Madness game. Running as a progressive lottery type game, Dollar Ball runs in conjunction with the main video slot game effectively allowing players to play two different games simultaneously.

    According to Avigur Zmora, Playtech CEO, "The latest additions to Playtech's game portfolio have been created in-step with the traditional Playtech policy of product development based on the needs and requests of Playtech licensees and their clients. Not only have we created games with a proven success record among players, but we've also brought a whole new concept to online gaming, the progressive side bet developed exclusively for Playtech licensees. These games have been released in answer to demands from both operators and players and are part of Playtech's efforts to release more games in greater frequency."
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  11. #10
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    10.08.2006
    Playtech signed a contract with ukbetting plc

    Playtech, the AIM listed international designer, developer and licensor of software for the gambling industry, today announces that it has signed a contract with ukbetting plc to migrate its highly successful casino brands, which complement the operator's leading sportsbook sites, to the Playtech software platform.


    ukbetting.com and totalbet.com, both of which are focused on the UK and European markets, will be tightly integrated with the Playtech platform through its proprietary integration package which has been created to provide added-value to sportsbook operators and their customers.


    This latest migration brings the total number of Playtech licensees to 44, operating a total of 139 game sites.


    Playtech's casino product incorporates a customized software package designed specifically with sportsbook operators and sports fans in mind and offers operators' players over 90 richly-themed games, including some of the best progressive games in the industry. This is based on Playtech's industry leading Next Generation (NG) platform which supports multiple window gameplay, integrated web presentation within the gaming environment and an embedded real-time ticker display. These technological developments provide increased operator control over gaming content and consequently increase player conversion rates across all games.


    Avigur Zmora, CEO of Playtech, commented "Playtech continues to attract quality operators seeking to enhance their offering and increase their bottom line and I am delighted that one of the UK's leading sports content and gaming operators has become a Playtech licensee as a result. This is a clear endorsement of our technically superior product and we believe that our package will benefit ukbetting's players by offering a richer gaming experience. This agreement presents a great opportunity to both Playtech and ukbetting and I look forward to a long and successful relationship with them."


    Eric Semel, CEO of ukbetting plc, commented: "We are looking forward to working in partnership with such a respected and trusted software developer as Playtech. The Playtech casino product and backend real-time marketing tools are market leaders, and will provide a quality player experience to our users. The integration of our casino brands is the final step needed in order for our customers to play all of our products, namely sports betting, casino, poker, and games from a single wallet."
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  12. #11
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    Interim Results for the Six Months Ended June 30 2006

    Financial Highlights

    Revenues up by 139% to $46.2 million (2005 - $19.3 million)
    Casino revenues up by 129% to $40.4 million (2005 - $17.6 million)
    Poker revenues up by 851% to $4.8 million (2005 - $0.5 million)
    Adjusted net profit* up by 172% to $37.3 million (2005 - $13.7 million) resulting in a margin of 81% compared to 71% last year
    Adjusted basic EPS* up by 157% to 18 cents (2005 - 7 cents)
    Interim dividend of $18.5 million equating to 8.7 cents per share to be paid on 6 October 2006, representing approximately 50% of the adjusted net profit*
    Operational Highlights

    Seven new licensees added so far this year - three through migration of active game sites with the majority accommodating Asian and European players
    New products developed and launched
    Mobile offering - providing Casino gaming through mobile phones
    Videobet - providing access to the land and server based gaming terminals
    Initiating new Asian focused games and product development, including Mahjong.
    Long-term recruitment initiative underway - Playtech Academy in Estonia and new development centre in Bulgaria
    Avigur Zmora, Chief Executive, commented:

    "Playtech is ideally placed to take full advantage of the growth being enjoyed by global gambling markets. Geographical diversification through the addition of quality licensees, coupled with our new product pipeline, will allow us to offer
    an enhanced and more complete solution to our licensees and their customers. As a result of our various initiatives, the global markets, in which we hold strong positions and the continued growth being enjoyed by the online gaming market
    worldwide, I look forward to the second half of the year with confidence."


    *excluding founders cash contribution and employee stock option expenses of $6.8 million


    For further information:

    Avigur Zmora, CEO, Playtech Ltd
    c/o Bell Pottinger
    Tel: 020 7861 3232
    www.playtech.com

    David Rydell / Peter Otero
    Bell Pottinger Corporate & Financial
    Tel. 020 7861 3232


    Chairman's Statement

    It gives me pleasure to present the first set of financial results for Playtech since its shares were admitted to AIM by way of an Initial Public Offering in March this year.

    In the six months under review the Group has made outstanding progress in all key areas of performance. I am pleased to report that the business has grown significantly in terms of revenues generated from existing licensees and, importantly, in terms of winning new high quality clients. In the period, seven new licensees have been added to the portfolio - bringing the total to 42 operators. Between them, our clients operate 137 gaming sites, making Playtech one of the world's leading software providers to the gaming industry.

    The out-performance of the operations has translated into strong financial results. In the period, the Group improved revenues by 139% and adjusted net profit increased by 172%. As a result the Board is pleased to declare its maiden dividend as a listed company - an interim payment of 8.7 cents a share. Adjusted basic earnings per share* amounted to 18 cents per share, a 157 % rise, which is a creditable achievement from a growing company.

    The international online gaming market continues to grow strongly for Playtech. Recent legal issues in the US have caused concern amongst investors in the online gaming sector, however, as Playtech is not an operator, does not supply Sportsbook software or have exposure to this section of the market, we believe that the Group remains in an extremely strong position. It is the Board's firm view, therefore, that the worldwide trading environment remains robust and that the US legal issues have not altered the prospects for Playtech in any way.

    Playtech is committed to diversifying its business portfolio, in terms of both geography and product, and I am pleased to report that progress has been made in both of these areas. The percentage of total revenues derived from the US have decreased, whilst the contribution from Europe and the exciting Asian markets have increased. The Group launched two new products last month. Its mobile product offers players access to Playtech's popular Casino platform through their mobile phones, whilst the Videobet product provides access to the land based gaming terminal market, an entirely new market segment for the Group that utilises the leading expertise that Playtech has gained through the development of its other online gaming software products.

    The Group also has a number of products under development due to be released in the second half of the year. Mahjong will provide this hugely popular game to the Asian market and its live gaming offering is also being enhanced to further support the Asian market in which this type of gaming is favoured.

    In a show of particular generosity the founding shareholders of Playtech have offered the employees of the Group a cash contribution of $6.6m from their IPO proceeds payable through a designated trust, as an expression of their appreciation for the hard work and commitment shown to date. For this the members of the Board would like to extend their thanks. I would also like to add my thanks to all our employees and to my fellow directors for the significant contribution they have made to our success.

    In summary, the Board is very excited about the prospects for the second half of the year. Growth in the international online gaming market continues apace and the Group is building its position in its traditional markets whilst expanding into growth markets such as Asia. Product development remains at the forefront of Playtech's strategy which will enable the Group to continue supplying operators with market leading products and new solutions. As a result we look forward to a prosperous and successful future.

    *excluding founders cash contribution and employee stock option expenses of $6.8 million


    Chief Executive's Report

    I am delighted to report a very successful first half of 2006, our first as a publicly quoted Company. Despite the demands that successfully completing the IPO has placed on the management's time in this period, we still managed to reinforce Playtech's position as one of the world's leading software providers to the gaming sector.

    The Company has managed to build on its already high historic growth rates during this period, achieving a 139% increase in revenues compared to the same period last year and an 172% increase in adjusted net profit*. The poker product now accounts for over 10% of the Company's top line and is expected to increase this contribution into the future.

    The Board's focus in the first half of the year was to maintain our high growth rates and this has paid off with the Company registering the fastest growth in its short history. We would not have been able to achieve this had it not been for the outstanding efforts of our employees and for this I extend the sincerest thanks of the Board. As a public company we are now able to offer a share incentive scheme that rewards such loyalty and this will help us recruit and retain the quality of staff for which Playtech has become known.

    One of the main reasons for becoming a public company was to create new and exciting business opportunities for Playtech and I am pleased to say that our aim in this respect has been achieved. We are taking part in much larger business development opportunities and achieving a higher level of sales than we ever had before.

    Since the Company was established, at the end of 1999, it has been evolving its strategy to adapt to the changes and dynamic growth within the online gaming market. Our first transition period involved geographical diversification in order to reduce exposure to any one particular market whilst taking advantage of emerging high growth markets such as Asia, and positive changes have been made in this regard.

    We are currently in the middle of our second transition period which is focused on diversifying the Company's product portfolio by leveraging the success of the casino software offering in order to become a major multi product supplier. We are investing considerable efforts into new product development and have launched two new products last month - namely Mobile gaming and Videobet, our server based gaming terminals product.


    Strategy

    Our goal is to be the leading software solution company to the international online gaming market. In order to achieve this, the Board has set out the following aims:

    1. To continually develop market leading solutions for our licensees which enable them to increase their revenues

    2. To supply a global software solution that is tailored for specific markets

    3. To enhance cross selling opportunities using the unified system philosophy

    4. To continue worldwide expansion


    Recruitment Programme

    At the heart of any successful software company lies quality employees. In order to ensure that we attract the highest caliber employees we are undertaking an extensive recruitment program aimed at enlarging the Company's research, development and production capabilities. We have established Playtech Academy, our own computer science academy based in Tartu, Estonia, where 40 graduates are already studying and receiving a world class, tailored IT education. The first intake will graduate by the end of September 2006, which will provide a significant number of new programmers trained to the exact needs of Playtech. In addition we have established a new development centre in Bulgaria which is in the process of recruiting its first 20 employees, all of which are IT speciiiaaaaaliiiiiiizzzzzzzts.

    Our recruitment program is central to our strategy of increasing the number of licensees and for the introduction and support of new products. Growing our base in Estonia and expanding into Bulgaria will allow us to keep control of our low development and production costs whilst increasing our revenue potential.


    Licensees

    The Board is continuously looking at ways to diversify its licensee portfolio by adding quality international customers. So far this year seven new licensees have been added, three of which migrated their active game sites and the majority of which accommodate Asian and European players. This goes a long way to achieving the Board's goal of adding between 10 to 12 new licensees for the year.

    Choosing the right partner licensee is very important to Playtech as client operators carry with them the reputation of Playtech into the wider market. It is, therefore, of the utmost importance that the Board is confident that a new licensee has the potential to attract a substantial level of players.

    Being a public company provides a level of security and transparency required by some of our prospective licensees. As a result, we have a good business pipeline which helps the Board look forward with confidence.


    Products

    A key part of the Playtech development philosophy is to supply licensees with a unified system that ensures cross selling and revenue maximization. We are in the process of adding new products to our traditional Casino, Poker and Bingo offerings. During the first half of the year we have completed our Mobile offering as an integrated part of our online Casino offering. Mobile can, therefore, be used as a stand alone platform or be utilized through cross selling opportunities directly from the online Casino, Poker and Bingo products. In addition, we have launched our Videobet product which provides software to land based, server based gaming terminals. This takes Playtech into a whole new land based market with software that is based on our market leading online expertise.

    Our new game developments are mainly focused on the Asian and South American markets, providing players from these areas with the traditional games that they have grown up with. This approach is much more effective than trying to convert these conservative gaming markets to Western games that players are unfamiliar with. For the Asian market we are close to launching versions of Mahjong. The Mahjong development process will be divided into stages and will continue into 2007. In addition, we are enhancing our live gaming experience in order to better support our Asian licensees and increase our Casino game portfolio.


    Option Plan and Founders' Cash Contribution to Employees

    As has been previously stated, the quality of employees is the core of Playtech's success and it is important that the knowledge base built up within the Company is maintained and grown. Now that we are a public company we are able to offer our employees an option plan that will allow them to share in Playtech's future success.

    In addition the founders of the Company who sold shares during the IPO have offered a one-time cash contribution to show their appreciation for the hard work and outstanding achievements shown by the Company's employees. The total amount of the cash contribution was $6.6 million to be distributed amongst employees. The Board approved this gesture and thanks the founders for their initiative. While International Accounting Standards dictate that such a cash contribution be registered as an expense in our income statement, it will have no impact on the cash flow of the Company due to the fact that the entire sum is contributed directly by the founders for the benefit of Playtech's employees.


    Dividends

    Given Playtech's highly cash generative nature we are pleased to announce an interim dividend payment of 8.7 cents per share. As has been previously stated it is the Board's ongoing policy to distribute 50% of net profit every year to shareholders via the dividend.


    Outlook and Current Trading

    Playtech is ideally placed to take full advantage of the growth being enjoyed by global gambling markets. Geographical diversification through the addition of quality licensees coupled with our new product pipeline will allow us to offer an enhanced and more complete solution to our licensees and their customers. This is all designed to increase the licensees revenues and through the royalty model, Playtech's revenues. As a result of our various initiatives, the strong positions that we hold in global markets and the continued growth being enjoyed by online gaming worldwide, I am looking forward to the second half of the year with confidence.

    *excluding founders cash contribution and employee stock option expenses of $6.8 million


    Financial Review

    Playtech concluded the first half of the year with a very strong set of results. The Group experienced revenue growth in respect of all of its product areas and its tight control over costs resulted in an encouraging increase in the margins. A positive cash flow from operations, together with the cash proceeds from the IPO, placed Playtech in a very healthy position.

    The following is a summary of the key elements of the financial results. It should be noted that all figures quoted exclude the cash contribution from the founders of the Company to Playtech employees and Employees stock option expenses to the amount of $6.8 million.

    As at 30 June 2006, the Group's revenues were generated by 42 licensees operating 137 game sites. Revenues have increased from the same period last year by 139% to $46.2 million (2005 - $19.3 million) which was due to the combined growth of both the Casino and Poker products. Casino revenues increased by 129% to $40.4 million (2005 - $17.6 million) and Poker revenues increased by 851% to $4.8 million (2005 - $0.5 million).

    Adjusted operating profit* increased from the same period last year by 166% to $36.5 million (2005 - $13.7 million), resulting in a margin of 79% compared to 71% in H1 2005. Adjusted net profit* increased by 172% to $37.3 million (2005 - $13.7 million), resulting in a margin of 81% compared to 71% in H1 2005. Adjusted basic EPS* increased by 157% to 18 cents (2005 - 7 cents).

    Total cost of operations increased from the same period last year by 73% to $9.7 million (2005 - $5.6 million).

    Operating expenses increased from the same period last year by 51% to $3.2 million (2005 - $2.1 million). Salaries contributed 52% to this increase, reflecting the number of employees joining the Group in order to support the growing operating activities.

    Sales and Marketing expenses increased by 37% to $3.7 million (2005 - $2.7 million) mainly as a result of salary increases attributable to the recruitment of new sales staff, an increase in reseller fees that are paid as a percentage of revenue and an increase in the number of trade shows attended.

    Development costs decreased from the same period last year by 18% to $0.4 million (2005 - $0.5 million), as attributable costs to the development of the Group's Videobet, Mobile and Mahjong products were capitalized this year. In the first half of the year additional development costs capitalized under these activities amounted to $1.0 million (2005 - $0 million).

    The increase in General and Administrative expenses to $2.5 million before the founders' cash contribution to employees (2005 - $0.4 million), is mainly due to expenses associated with the Company's listing on AIM and a provision for bonuses. These bonuses have not yet been allocated and, therefore, have been recorded as General and Administrative expenses.

    In accordance with generally accepted accounting principles, the founders' cash contribution to employees of $6.6 million is included as a one time expense under General and Administrative expenses. Due to the fact that this contribution is fully payable by the founders directly to employees, there is no cash impact on the Group. Employee stock option expenses in H1 2006 amounted to $0.2 million (2005 - $0 million).

    The only company within the Playtech Group that has taxable income is the Israeli subsidiary. Following an agreement signed with the Israeli Tax Authorities during H1 2006, this subsidiary paid $0.2 million in back taxes. Under the terms of the agreement the Israeli subsidiary will pay taxes on a cost plus basis going forward.

    The Group generated $39.1 million of cash over the period from operating activities (2005 - $13.4 million). The Group cash usage in investing activities was $2.5 million (2005 - $0.3 million), which mainly accounted for development costs capitalized due to the Videobet, Mobile and Mahjong products. The group's financing activities generated $35.0 million from net IPO proceeds, less the dividend payment to shareholders prior to the IPO (2005 - usage of $10.2 million).

    The Cash balance of the Company, as at 30 June 2006, amounted to $89.6 million. Cash was generated mainly from the net IPO proceeds and from operating activities and profit. Financing Income is the result of the interest yield on the Company cash deposits.

    On 23 August 2006, the Board declared an interim dividend of $18.5 million equating to 8.7 cents per share. The dividend will be paid on 6 October 2006 to those Shareholders and Depositary Interest holders on the record as at 8 September 2006. The ex-dividend date will be 6 September 2006. Shareholders and Depositary Interest holders may elect to receive the equivalent dividend amount in pounds sterling.

    *excluding founders cash contribution and employee stock option expenses of $6.8 million


    CONSOLIDATED BALANCE SHEET

    U.S Dollars in thousands

    30 June 30 June 31 December
    ---------- ---------- ----------
    2006 2005 2005
    ---------- ---------- ----------
    (Unaudited) (Unaudited) (Audited)
    NON-CURRENT ASSETS
    Intangible assets 2,778 357 1,388
    Fixed assets 1,460 695 934
    Other receivables 108 - 60
    ---------- ---------- ----------
    4,346 1,052 2,382
    ---------- ---------- ----------

    CURRENT ASSETS
    Cash and cash equivalents 89,587 14,226 17,995
    Trade receivables 5,769 5,458 4,189
    Related parties and shareholders 522
    Loan to shareholders 23,828
    Other accounts receivables 683 236 337
    ---------- ---------- ----------
    96,039 44,270 22,521
    ---------- ---------- ----------

    TOTAL ASSETS 100,385 45,322 24,903
    ========= ========= =========

    SHAREHOLDERS' EQUITY
    Share capital - 10 10
    Additional paid in capital 55,637 100 100
    Employees stock option reserve 252 - 22
    Accumulated profit 36,308 39,273 19,587
    ---------- ---------- ----------
    92,197 39,383 19,719
    ---------- ---------- ----------

    NON-CURRENT LIABILITIES 24 8 82
    ---------- ---------- ----------

    CURRENT LIABILITIES
    Trade payables 4,239 4,576 2,987
    Related parties 413 339 918
    Other accounts payables 3,512 1,016 1,197
    ---------- ---------- ----------

    TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 100,385 45,322 24,903
    ========= ========= =========



    CONSOLIDATED INCOME STATEMENT

    U.S Dollars in thousands

    For the six months ended For the year ended
    -------------------- ----------
    30 June 30 June 31 December
    ----------- ----------- -----------
    2006 2005 2005
    ----------- ----------- -----------
    (Unaudited) (Unaudited) (Audited)

    Revenues 46,178 19,300 47,596

    Operating expenses (3,237) (2,105) (4,676)
    Sales & Marketing expenses (3,746) (2,690) (5,421)
    Development costs (395) (456) (1,021)
    General & Administrative expenses (9,132) (357) (931)
    -------- -------- --------
    (16,510) (5,608) (12,049)
    -------- -------- --------

    Operating profit before charges related to founders' cash contributions to employees and Employees stock option plan expenses 36,464 13,692 35,569

    Charges related to founders' cash contributions to employees (see Note 4) (6,566) - -
    Employees stock option plan expenses (230) - (22)
    ------- ------- -------
    Total benefit charges (6,796) - (22)

    Operating profit 29,668 13,692 35,547

    Financing income 1,076 10 149

    Income before taxation 30,744 13,702 35,696

    Tax expenses (254) (12) (22)
    ------- ------- -------

    Income from continued activity 30,490 13,690 35,674
    ------- ------- -------

    Loss on disposal of subsidiary - - (5)
    ------- ------- -------

    Net income 30,490 13,690 35,669
    ======= ======= =======

    Earnings per share (in Cents)
    Basic 15 7 18
    Diluted 14 7 18



    CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

    U.S Dollars in thousands

    Share capital Additional Paid in Capital Employee stock options reserve Accumulated profit Total
    ------- ------- ------- ------- -------
    FOR THE SIX MONTHS ENDED
    30 JUNE, 2006

    Balance at 1 January 2006 10 100 22 19,587 19,719
    Changes in equity for the period
    Net income - - - 30,490 30,490
    -------- -------- -------- -------- --------
    Total recognized income and expense for the period - - - 30,490 30,490
    Dividend paid - - - (21,000) (21,000)
    Initial Public Offering proceeds - 59,862 - - 59,862
    Share issue costs - (4,335) - 665 (3,670)
    Cancellation of issued shares (10) 10 - - -
    Founders' cash contribution to employees (see Note 4) - - 6,566 6,566
    Employees stock option reserve - - 230 - 230
    -------- -------- -------- -------- --------
    Balance at 30 June 2006 - 55,637 252 36,308 92,197
    ======== ======== ======== ======== ========

    FOR THE SIX MONTHS ENDED
    30 JUNE 2005

    Balance at 1 January 2005 10 100 - 25,583 25,693
    Net income - - - 13,690 13,690
    -------- -------- -------- -------- --------
    Balance at 30 June 2005 10 100 - 39,273 39,383
    ======== ======== ======== ======== ========

    FOR THE YEAR ENDED
    31 DECEMBER, 2005

    Balance at 1 January 2005 10 100 - 25,583 25,693
    Changes in equity for the period
    Net income - - - 35,669 35,669
    ------- ------- ------- ------- -------
    Total recognized income and expense for the period - - - 35,669 35,669
    Dividend paid - - - (41,000) (41,000)
    Share issue costs - - - (665) (665)
    Employees stock option reserve - - 22 - 22
    ------ ------ ------ ------ ------

    Balance at 31 December 2005 10 100 22 19,587 19,719
    ======= ======= ======= ======= =======



    CONSOLIDATED CASH FLOW STATEMENT

    U.S Dollars in thousands

    For the six months ended For the year ended
    ------------------ ----------
    30 June 30 June 31 December
    ------- ------- -------
    2006 2005 2005
    ------- ------- -------
    (Unaudited) (Unaudited) (Audited)
    CASH FLOWS FROM OPERATING ACTIVITIES
    Net income 30,490 13,690 35,674
    Adjustments to reconcile Net income to Net cash provided by operating activities (see below) 8,652 (256) (436)
    ------- ------- -------
    Net cash provided by operating activities 39,142 13,434 35,238
    ------- ------- -------

    CASH FLOWS FROM INVESTING ACTIVITIES
    Cash outflow from disposal - - (5)
    Cash inflow from acquisition - - 51
    Long term deposits (117) - -
    Acquisition of fixed assets (768) (335) (696)
    Acquisition of intangible assets (645) - (12)
    Capitalized development costs (1,007) - (356)
    ------- ------- -------
    (2,537) (335) (1,018)
    ------- ------- -------

    CASH FLOWS FROM FINANCING ACTIVITIES
    Loan to shareholders - (11,000) (15,087)
    Related parties and shareholders (205) 829 1,094
    Security deposits - - 25
    Dividend paid (21,000) - (12,890)
    Share issue costs (3,670) - (665)
    Initial Public Offering proceeds 59,862 - -
    ------- ------- -------
    Net cash provided by (used in) financing activities 34,987 (10,171) (27,523)
    ------- ------- -------

    INCREASE IN CASH AND CASH EQUIVALENTS 71,592 2,928 6,697
    CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,995 11,298 11,298
    ------- ------- -------
    CASH AND CASH EQUIVALENTS AT END OF PERIOD 89,587 14,226 17,995
    ======== ======== ========

    ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
    Income and expenses not affecting operating cash flows:
    -------------------------------------------------------
    Depreciation 241 126 313
    Amortization 262 56 122
    Employees stock option plan expenses 230 - 22
    Founders' cash contribution to employees 6,566 - -
    Others 11 - 7
    Changes in operating assets and liabilities
    Increase in trade receivables (1,580) (2,891) (2,341)
    Decrease/(increase) in related parties (301) - 7
    Increase in other receivables (345) (70) (173)
    Increase in trade payables 1,253 2,186 1,287
    Increase in other payables 2,315 339 320
    ------- ------- -------
    8,652 (256) (436)
    ======== ======== ========




    For the six months ended For the year ended
    ------------------------- ------------
    30 June 30 June 31 December
    ------------ ------------ ------------
    2006 2005 2005
    ------------ ------------ ------------
    (Unaudited) (Unaudited) (Audited)
    NONCASH TRANSACTIONS
    Loan to shareholders satisfied by dividend - - 27,905
    ======== ======== ========
    Dividend - - (27,905)
    ======== ======== ========



    NOTE 1 - GENERAL


    A. Playtech Limited (the "Company") was incorporated in the British Virgin Islands on 12 September 2002 as an offshore company with limited liability.

    B. The condensed interim consolidated financial information include the accounts of the Company and all its subsidiaries which together are referred to as the "Group".

    C. The condensed interim financial information as at 30 June 2006, and 2005 and the six months then ended, respectively, have been reviewed by the Group's external auditors.

    D. The financial information are expressed in United States Dollars in thousands.


    NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

    The consolidated interim financial information of the Group has been prepared in accordance with International Financial Reporting Standards, including International Accounting Standard ("IAS") and interpretations collectively
    IFRS) adopted by the International Accounting Standards Board ("IASB") and endorsed for use by companies listed on an EU regulated market.

    These results have been prepared on the basis of accounting policies expected to be adopted in the Group's full financial statements for the year ended 31 December 2006 which are not expected to be significantly different to those set out in Note 2 to the Group's audited financial statements for the year ended 31 December 2005.

    The financial information is presented in U.S. dollars because that is the currency the Group primarily operates in.

    The financial statements for the year ended 31 December 2005, which were prepared under IFRS received an unqualified audit report. These financial statements are also available from the Company's website.

    The financial information for the periods ended 30 June 2005 and 30 June 2006 contained in this interim announcement is unaudited.


    NOTE 3 - EARNINGS PER SHARE

    Earnings per share have been calculated using the weighted average number of shares in issue during the relevant financial periods. The weighted average number of equity shares in issue and the earnings, being profit after tax are as follows:

    For the six months ended For the year ended
    ------------------------- ------------
    30 June 30 June 31 December
    ------------ ------------ ------------
    2006 2005 2005
    ------------ ------------ ------------
    (Unaudited) (Unaudited) (Audited)

    Net income 30,490 13,690 35,669
    ======== ======== ========

    Denominator - basic
    Weighted average number of equity shares 206,924,493 200,000,000 200,000,000
    ======== ======== ========
    Number Number Number
    Denominator - diluted
    Weighted average number of equity shares 206,924,493 200,000,000 200,000,000
    Weighted average number of option shares 7,747,512 - 510,542
    ======== ======== ========
    Weighted average number of shares 214,672,005 200,000,000 200,510,542
    ======== ======== ========


    NOTE 4 - FOUNDERS' CASH CONTRIBUTION TO EMPLOYEES

    In June 2006, following the IPO, the founders of the Company have allocated $6,566 thousand, of their own personal funds, into a trust fund to the benefit of the Company's employees. The Company accounted for this cash contribution as capital contribution.

    Earnings per share before founders' cash contribution to employees (in Cents):

    For the six months ended For the year ended
    ------------------------- ------------
    30 June 30 June 31 December
    ------------ ------------ ------------
    2006 2005 2005
    ------------ ------------ ------------
    (Unaudited) (Unaudited) (Audited)

    Basic 18 7 18
    Diluted 17 7 18

    Net income before founders' cash contribution to employees 37,056 13,690 35,669
    ======== ======== ========

    Denominator - basic
    Weighted average number of equity shares 206,924,493 200,000,000 200,000,000
    ======== ======== ========
    Number Number Number
    Denominator - diluted
    Weighted average number of equity shares 206,924,493 200,000,000 200,000,000
    Weighted average number of option shares 7,747,512 - 510,542
    ======== ======== ========
    Weighted average number of shares 214,672,005 200,000,000 200,510,542
    ======== ======== ========


    NOTE 5 - SHAREHOLDERS EQUITY

    A. Share capital

    30 June 30 June 31 December
    --------- --------- ---------
    2006 2005 2005
    --------- --------- ---------

    Authorized N/A(*) 200,000,000 200,000,000
    --------- --------- ---------

    Issued and fully paid 213,333,333 200,000,000 200,000,000
    --------- --------- ---------


    On 24 February 2006, the Company repurchased all of its 1,000,000 outstanding ordinary issued shares of $0.01 par value and cancelled them. The existing shareholders then subscribed for and were issued and allotted by the Company, 200,000,000 ordinary shares of no par value for an aggregate sub....ion amount of $10 thousands.


    (*) Following the IPO, which gave rise to additional paid in capital of $55,527 thousand after issue costs, the Company has no authorized share capital but is authorized under its memorandum and article of association to issue up to 1,000,000,000 shares of no par value.


    B. Distribution of Dividend


    In March 2006, immediately prior to the IPO, the Company distributed $21,000 thousand as dividend to its existing shareholders.
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  13. #12
    Casinospieler Avatar von Newsflash
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    29.08.2006

    800% Gewinnzuwachs bei Playtech

    Die Firma Playtech, Entwickler von Online Casino und Poker Software (u.a. für Europacasino, Titan Poker, Casino Tropez, Noble Poker) bilanziert einen Zuwachs der Einnahmen im Poker-Geschäftsfeld um 851%.
    Gegenüber dem Vorjahr erhöhte sich der Gewinnüberschuss von $500.000 auf etwa 4,8 Millionen US-Dollar. Playtech ist Pokersoftware-Provider des iPoker Networks, zu dem u.a. die beiden großen Poker-Lizenznehmer Titan Poker und Noble Poker gehören. Weitere Lizenznehmer sind Prestige Poker, FairPoker, CDPoker, Kiwi Casino Poker, Poker770, Centrebet Poker, Playgate Poker, Sports Interaction Poker, Dafa Poker, BetFredPoker, USA Poker und Diamond Club Poker.

    Playtech liefert auch Spielcasino-Software und Bingo Games an seine zahlreichen Kunden. Die Firma überraschte die Londoner Börse dieses Jahr im März mit einer geschätzten Gewinnerwartung in Höhe von 984 Millionen Dollar. Die Gesamteinnahmen sind um 139% auf 46,2 Millionen Dollar gestiegen. Der Netto-Profit für die ersten 6 Monate dieses Jahres, ist um 172% auf 37,3 Millionen Dollar gestiegen. Die Einnahmen durch Casino Spiele Software sind um 129% auf 40,4 Millionen Dollar angestiegen.

    Die momentanen Gesetzesprobleme in den USA haben anscheinend keine Auswirkung auf das Wachstum von Playtech (was dadurch erklärt werden könnte, dass Playtech keine Software für Sport-Buchmacher entwickelt oder betreibt- ein Geschäftsfeld welches von der amerikanischen Gesetzgebung im Moment besonders Kritisch beobachtet wird). Playtech konnte seiner Kundenliste mit 43 Kunden, dieses Jahr 7 neue Lizenznehmer hinzufügen.

    Die Firma hat außerdem in Tartu/Estland die Playtech Akademie gegründet, als firmeneigene Akademie der Computerwissenschaften, um damit die Qualität der zukünftigen Mitarbeiter sicherzustellen. Vierzig Studenten sind in den IT Kursen eingeschrieben. Mit einem neuen Entwicklungszentrum, welches bald in Bulgarien eröffnet wird, scheint es so, dass die Absolventen dieser Akademie in Zukunft einen sicheren Arbeitsplatz haben werden.

    Das Leader Board von Playtech wird durch den (non-executive) Vorsitzenden Roger Withers geleitet. Whiters hat mehr als 30 Jahre Erfahrung in der Glücksspiel-Industrie und war vorher in leitender Position bei Hilton PLC (besser bekannt unter der neuen Firmierung Ladbrokes PLC) beschäftigt.

    Das Hauptquartier von Playtech befindet sich auf der Isle of Mann
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  14. #13
    News Editor Avatar von Casinonews
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    18.09.2006

    PLAYTECH LICENSES ADVANCED MULTIMEDIA TECHNOLOGY

    Industry Leader Gains Access to 1st Technology Patents

    September 18, 2006 Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd listed on AIM, announced today the signing of a license agreement with 1st Technology LLC.

    The license agreement is in relation to 1st Technology’s core multimedia patents applied to advanced online gaming products. The patents, developed by multimedia pioneer Dr. Scott Lewis, CEO of 1st Technology, are targeted at providing enhanced interactivity and optimized delivery of high quality multimedia information over networks of various bandwidths including narrowband and broadband telephone, cable, and wireless Internet.

    Dr. Lewis, commenting on the agreement, said:

    “We are delighted that industry leader Playtech is now a licensee. Our new relationship will allow us to develop superior gaming products to the market using 1st Technology’s internationally recognized patent portfolio.”



    About 1st Technology
    1st Technology LLC is a leading technology company with a patent portfolio of advanced Internet and multimedia innovations.

    Headed by Internet pioneer Dr. Scott Lewis who led the development of the world’s first single integrated circuit chip with on-board video and audio compression, advanced adaptive digital signal processing technology at Oxford University, and introduced multiple broadband Internet and multimedia technologies.
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  15. #14
    News Editor Avatar von Casinonews
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    19.09.2006

    Playtech WinAJackpot.com Network Pays Out Another Jackpot Surpassing the $2million Mark at $2,059,471!

    Playtech's Winajackpot.com network has once again delivered a jackpot payout topping the $2million mark. On Monday August 21st, a Winajackpot.com member made headlines by taking home the unbelievable jackpot of $2,059,471 while playing Gold Rally at 32Vegas Casino. This jackpot win comes only 51 days after Winajackpot.com's last world record payout of $2,189,152.

    Gold Rally, a very popular progressive 8-line Wild West themed slot game featuring two interactive bonus stages, has become one of the leading (repeating) progressive games on the net today mostly as a result of its speedy replenishment rate. In fact, the latest $2 million jackpot took place precisely 51 days after the last multi-million dollar jackpot payout. In the last 8 months Gold Rally paid out four multi-million dollar jackpots together totaling over $8.5 million, in addition to the numerous jackpot wins that remained in the hundreds of thousands range.

    Gold Rally's latest jackpot accumulated to more than $2million in only 51 days proving that Gold Rally has the fastest replenishment rate on the net today, giving players on Playtech-powered software the biggest chance of becoming millionaires. These amazing wins bring about an increased popularity in the game, leading to more wins in shorter periods of time.

    "We at 32Vegas Casino are very happy to be part of this huge success. Jackpot wins like this just prove that the Winajackpot.com network is the best in the industry and the large jackpots prove the players love the game as well. It was a great pleasure to award the lucky winner such a huge jackpot and we here at 32Vegas Casino wish everyone involved all the best”, said a representative at 32Vegas Casino.

    About 32Vegas
    32Vegas is the latest top-class online casino – 32Vegas owns a variety of cutting-edge games, featuring and including New Generation games, progressive and traditional casino games and numerous slot games – 32Vegas is fast becoming an impressive and highly sought after venue by players all over the world. When players register at 32Vegas they receive a generous welcome bonus and continually benefit from a wide array of exclusive promotions in addition to special deposit bonuses. 32Vegas is a casino that makes it worthwhile to introduce friends and acquaintances, as a bonus is given to a player for every person that is introduced at this one-of-a-kind gaming venue.
    Website: www.32vegas.com


    More on Winajackpot.com
    WinAJackpot.com is a portal designed to broaden the appeal of Playtech’s hit progressive jackpot games and generate a rich added source of traffic for its licensees. Players can choose from several jackpot games featuring multiple bonus stages and offering hundreds of thousands of dollars in prize money. The site features real-time jackpot counters, latest and biggest winners' lists, game previews and player testimonials, plus profiles of all participating casinos.
    Website: www.winajackpot.com

    More on 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 300 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies. Website: www.playtech.com
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  16. #15
    News Editor Avatar von Casinonews
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    03.10.2006

    US Legislation

    Playtech Limited

    Statement Regarding US Legislation

    The Board of Playtech Ltd ('Playtech' or 'the Company'), the AIM-listed international designer, developer and licensor of software to the gaming industry, notes the decision by Congress in the USA to enact the "Unlawful Internet Gambling Enforcement Act 2006."

    The Board of Playtech states that it continues to receive legal advice regarding the impact of this legislation. Whilst Playtech is not an operator of online gaming nor a payment processor, the Board accepts that if this legislation becomes effective there would be a material impact on certain of its licensees and therefore on Playtech's revenues.

    However, in the first half of 2006 more than 50 per cent of Playtech's revenues were derived from non-US players, a figure that is steadily increasing as the Company continues to add more new non-US facing licensees.

    Playtech is actively growing its revenue base in Asia, Europe and South America where the Board believes it has substantial business development opportunities. Playtech's current new business and development pipeline, including commissioned products, is entirely focused on these non-US markets as are all new licensees.

    The Board is confident that Playtech has a sustainable and profitable business model even in the eventuality of the proposed legislation becoming law. Additionally, the Board believes that the Company has significant cash resources and operating cash flows to support the business during its global development programme.

    The Board continues to evaluate the situation and will provide an update as and when appropriate.
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  17. #16
    News Editor Avatar von Casinonews
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    06.10.2006

    Gambling Act

    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.
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  18. #17
    News Editor Avatar von Casinonews
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    13.11.2006

    Acquisition of leading poker network to enhance Playtech's poker offering


    Playtech (AIM: PTEC), the listed international designer, developer and licensor of software for the online and land-based gaming industry, is pleased to announce today that it has agreed to acquire certain assets and undertaking of Tribeca Tables Europe Limited ("Tribeca"). The acquisition is subject to the satisfaction of a number of conditions.

    Tribeca is a software designer that provides a poker network solution to a number of the world's most respected online poker operators such as VCPoker, PaddyPower Poker and Blue Square Poker. In addition to software development, Tribeca also specyclopcasinoes in e-marketing and the development of online poker communities. Most recently, Tribeca announced that the Tain poker network would be joining the Tribeca network, of which the Scandinavian group, Expekt, is the largest customer.

    In the 12 months to 31 December 2005, the assets to be acquired generated turnover of c. US$6.2m and gross profits of c. S$5.3m and in respect of the last three calendar months preceding the date of the acquisition, the assets to be acquired generated a turnover of c. US$3.9m and gross profits of c. US$3.4m.*

    Following Tribeca's decision to block certain territories, including the US, the entire Tribeca network will cease its operations n six months from the date of the agreement, by which time the migration of the online poker operators to Playtech's platform is planned to be complete.

    Playtech expects that synergies between the two companies will lead to significant savings in respect of the additional costs involved in supporting the migrated licensees. Additionally, the Company expects higher revenues to be generated by the ncreased player liquidity, as well as the introduction of Playtech's casino games to the migrated licensees.

    The acquisition significantly strengthens Playtech's share of the global online poker gaming market and is in line with the ompany's continued strategy to diversify its portfolio and geographical reach.

    *Unaudited Figures provided by Tribeca.

    Avigur Zmora, Chief Executive Officer of Playtech, comments:


    "This is a landmark deal for Playtech, which in one move, transforms the Company into the world's leading poker network that excludes US players. Tribeca is an outstanding fit for us and the company's licensees are operating, for the most part, in different geographical locations to Playtech's current poker licensees.

    "We look forward to welcoming Tribeca's licensees and offering them the best combination of poker knowledge and world leading technology. Both Tribeca and Playtech are committed to a smooth transitional period to ensure that migrating licensees can continue to offer the most attractive poker environment for their players."


    Further details of the acquisition

    The consideration for the acquisition is calculated according to a formula based on Playtech's earnings from the acquired assets. On the basis that the Company will generate c. US$16m over the coming year from the migration date, the consideration to be paid for Tribeca will be US$75m. The final consideration will be adjusted upon Playtech's realised evenues. The maximum consideration that the Company will be liable to pay is US$139m, which will be paid in the event that the revenue generated from this acquisition exceeds US$29m over the coming year from the migration date.


    Playtech will pay the consideration in cash in four instalments. The first is payable upon satisfaction of specific conditions. he second, third and fourth payments are to be made on the 9th, 18th and 24th month intervals, after the date of the agreement, respectively.
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  19. #18
    News Editor Avatar von Casinonews
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    13.11.2006

    Third Quarter Trading Update

    Playtech Limited ("Playtech" or "the Company") Third Quarter Trading Update
    Playtech (AIM: PTEC), the international designer, developer and licensor of software for the online and land-based gaming industry, announces today its trading update for the third quarter of 2006. The Company is also pleased to announce the acquisition of certain assets and undertaking of Tribeca Tables Europe Limited, detailed in a separate announcement made today.

    Highlights

    • Total revenues for this traditionally slow quarter increased by 103% compared to the same period last year and 4% on the previous quarter to US$26.5m. This breaks down as follows:
    * Casino revenues increased by 95% compared to the same period last year and 2% on the previous quarter to US$22.6m.
    * Poker revenues increased by 274% compared to the same period last year and 26% on the previous quarter to US$3.4m.
    • Income from non-US players increased to 53% from 49% for the same period last year and from 52% in the previous quarter.
    • In line with the statement issued on 6 October 2006, Playtech continues to enforce its request from its licensees to shutdown all of their US-facing activity. To date almost all of its licensees have blocked their US-facing activity, with the few remaining expected to conclude their US blocking shortly. Playtech has adopted a policy of not accepting royalties derived from US players as of the date of the Unlawful Internet Gambling Enforcement Act 2006. As a result of this, there will be a material impact on revenue generation in the fourth quarter and into 2007.
    • During the quarter, an interim dividend of US$18.5m was paid, representing approximately 8.7 cents per share.

    Current Trading

    Playtech is an international business that has striven to diversify its portfolio through both product range and geography. As a result, the Board believes that the Company has a robust model that will successfully adapt to the new legislative environment. The Company continues to have a solid balance sheet with cash reserves of over US$90m, post the dividend payment of US$18.5m.

    Current trading is strong on a non-US pro forma basis. Playtech continues to increase the number of licensees in Europe and Asia. In October 2006, Playtech's non-US pro forma casino revenues increased by 5.5% to US$4,570k (September 2006: US$4,333k) and the Company's non-US pro forma poker revenues increased by 11.4% to US$831k (September 2006 US$746k).

    As a result of the deal with Tribeca Tables Europe Limited, it is expected that Playtech's poker revenues will significantly increase in 2007.

    At present, Playtech has 41 licensees. Given the Company's decision to stop licensing its software to operators who accept bets from US players, this above figure includes two licensees who opted to terminate their agreements with Playtech. A further three licensees who are heavily reliant on income from the US are also expected to end their relationships with Playtech. Given the above five licensees had marginal non-US activity (total non-US royalties in September 2006 were US$46k), their termination will not significantly affect the Company's non-US results going forward. As noted bellow, Club on Park has recently migrated to the Playtech platform and the Company continues to actively seek new licensees to strengthen its portfolio.


    Product and Platform Expansion

    Videobet

    Videobet is the land-based spin-off of Playtech's successful online platform. Videobet offers a comprehensive, server-based gaming system for land-based operators as well as stand-alone or local network casino floor machines. Featuring an improved version of Playtech's suite of exclusive, captivating games, Videobet's platform includes a powerful, real-time backend with dynamic content delivery and unparalleled control over the entire operation down to each terminal.

    The advanced graphics provided by the VGP (Videobet Gaming Platform) combine the thrill of traditional gaming machines with the power and flexibility of Playtech's online software technology. The VGP is flexible enough to be deployed at virtually any location from betting shops and casinos to hotel lobbies and cruise ships.

    The Videobet games package, which currently includes Casino and FOBT games, is based on Playtech's highly successful games. Coming soon is the development of a land-based version of Playtech's popular Live Gaming.

    The Videobet product is now being integrated with the operation of several licensees in the UK and in South America and is expected to generate revenues during the fourth quarter of 2006.


    Asian Games

    Playtech continues to devote significant resources to the development and launch of games in the Asian market. With the launch of Pachinko during the fourth quarter of 2006 and Solo Mahjong and Solo Mahjong Pro and a new version of the live gaming software and functionality by the end of the year, Playtech's penetration of the Asian market will be greatly accelerated. Other Mahjong products, such as the Duo and Full Mahjong tournaments will be launched during 2007 alongside the launch of other Asian card games.


    Club on the Park

    During the quarter, 365 Media Group PLC launched the Club on the Park online gaming site on the Playtech platform. As previously announced, 365 Media Group PLC recently acquired the business, which was formerly known as the Ritz Club Online. Both the online casino and online poker rooms of Club on the Park have been migrated to the new Playtech platform and the sites have been designed to convey to players a look and feel reminiscent of a luxurious land-based casino. The Company will also provide a fully branded mobile solution, fully supporting and replicating the casino's look and feel onto compatible mobile phone handsets.

    The Club on the Park brand is focused on the UK and European markets. Both its casino and its poker operations are tightly integrated within the Playtech platform using Playtech's proprietary integration package that has been created to provide added value to Playtech's existing licensees and customers.


    Litigation

    Cranway Limited (an Isle of Man company), has issued proceedings in the English High Court against the Company and a licensee of its software claiming infringement of EP (UK) 0625760. Following an initial review of the case, Playtech intends to vigorously defend the claim in order to achieve a successful outcome.

    Avigur Zmora, Chief Executive Officer, commenting on the results, said today:

    "I am very pleased with the way the Company had handled the implications of the passing of the Unlawful Internet Gambling Enforcement Act 2006. There is no doubt that this legislation will affect Playtech's revenue generation but the actions taken over previous years to create a balanced business portfolio and the acceleration of non-US business will ensure the Company's continued growth prospects and success as we can already see on a non US pro forma basis. The Board and I look forward to the next quarter and beyond with confidence."


    Third Quarter Key Performance Indicators at 30 September 2006

    Revenues
    Three months ended 30 Sep 30 Sep Change 30 June Change
    '000 ($) 2006 2005 2006
    Total Revenues 26,546 13,100 103% 25,411 4%
    Casino Revenues 22,597 11,584 95% 22,141 2%
    Poker Revenues 3,418 914 274% 2,723 26%

    Active Licensees and Game Sites
    As of 30 Sep 30 Sep 30 June
    2006 2005 2006
    Number of Active Licensees 42 35 42
    Number of Game Sites 153 117 137

    Relative Share of Geographical Diversity(1)
    Three months ended 30 Sep 30 Sep 30 June
    2006 2005 2006
    North America - USA(2) 47% 51% 48%
    North America - Canada 4% 4% 4%
    Europe 28% 22% 26%
    Asia Pacific 18% 20% 20%
    Rest of the World 3% 3% 2%

    Nominal Growth in Geographical Regions
    Period Q3 2005 to Q3 2006 Q2 2006 to Q3 2006
    North America - USA(2) 87% 3%
    North America - Canada 103% 5%
    Europe 158% 17%
    Asia Pacific 82% (7%)
    Rest of the World 103% 69%

    Nine Months Key Performance Indicators at 30 September 2006
    Revenues

    Nine months ended 30 Sep 30 Sep Change
    '000 ($) 2006 2005
    Total Revenues 72,725 31,789 129%
    Casino Revenues 62,984 29,215 116%
    Poker Revenues 8,231 1,420 480%

    Relative Share of Geographical Diversity(1)
    Nine months ended 30 Sep 30 Sep
    2006 2005
    North America - USA(2) 48% 58%
    North America - Canada 4% 4%
    Europe 26% 21%
    Asia Pacific 20% 14%
    Rest of the World 2% 3%

    Nominal Growth in Geographical Regions
    Period 9M 2005 to 9M 2006
    North America - USA(2) 89%
    North America - Canada 29%
    Europe 183%
    Asia Pacific 227%
    Rest of the World 52%

    (1) The relative share is calculated as the total players income derived from the specific region divided by the total players income from all regions

    (2) All revenue earned from USA was stopped on 13 October 2006


    Analyst Conference Call

    An analyst conference call has been organised for 10:00 am GMT today hosted by the Chief Executive Officer, Avigur Zmora.
    The dial-in details are:
    +44(0) 20 8515 2312.
    For US Participants: 1866 384 2824.
    Conference call title: Playtech Q3 trading Update

    For Further Information:
    Avigur Zmora, CEO, Playtech Ltd
    c/o Bell Pottinger
    Tel: 020 7861 3232
    www.playtech.com

    David Rydell / Amy Rajendran
    Bell Pottinger Corporate & Financial
    Tel: 020 7861 3232
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  20. #19
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    20.12.2006

    Playtech signs landmark Chinese gaming agreement

    Playtech (AIM: PTEC), the listed international designer, developer and licensor of software for the online and land-based gaming industry, is pleased to announce today that it has agreed a landmark five year software licensing agreement with China's leading gaming group: Sino Strategic International (ASX: SSI).

    SSI is listed on the Australian Stock Exchange and is a diversified investment holding company. Its primary operations are in the large and fast growing Chinese gaming, internet and mobile media markets.

    SSI's subsidiary, Shanghai Kelo, operates the largest corporate retail gaming network in China, distributing the legalised keno, lotto, and Video Lottery Terminal (VLT) games. Shanghai Kelo currently runs more than 460 Point of Sale ("POS") gaming outlets in Shanghai under license from the Shanghai Welfare Lottery Centre. In October 2006, the license agreement was extended, allowing Shanghai Kelo to operate up to 600 outlets distributing keno and other welfare games for the next five years.

    Playtech and SSI will be the first major distributor and promoter of Texas Hold'em Poker in the Chinese market. Following the launch of the poker product in the coming months, SSI expects to launch a selection of Playtech powered P2P Chinese tournament games through selected SSI outlets in China in the first half of 2007 after a testing, approval and implementation period.

    Initially, a selection of P2P poker games will be offered, followed by games played more commonly in China such as mahjong, Do Di Zhu, Cho Da Di and To La Ji.

    Avigur Zmora, Chief Executive Officer of Playtech, comments: "This is a major development for both Playtech and SSI bringing the Play for Real P2P tournament gaming experience to China at appropriately licensed gaming outlets for the first time. The Chinese market is a vast and incredibly exciting marketplace and Playtech is extremely well positioned to assist operators such as SSI in rolling out new gaming products in a phased manner in accordance with Chinese regulations. This license agreement will further establish Playtech's presence in Asia and is in line with the Company's ongoing strategy. Playtech is increasingly Asian-facing and this transaction is another milestone in further diversifying the geographical reach of the business and its customer base."

    Richard Li, Chief Operating Officer, Australia, of Sino Strategic International states: "In Playtech, we have found a software provider that has a clear understanding of the Asian gaming marketplace and who understands the intricacies of gaming in
    China. The private gaming network, consisting of up to 5,000 terminals to be implemented by Playtech, will upon completion, expand the SSI gaming terminal network significantly. SSI also intends to further expand this network via franchising to other parts of China over the next five years."
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