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Editorial: Why Playtech is a stock to watch in 2009
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Playtech may not have been the first gambling software supplier, but since its inception ten years ago it's consistently been one of the best and, by sales alone, it is the largest. For a decade now online gamblers have seen the Playtech logo as a guarantee of excellence. For this reason, their software is favored by a number of the world's most reputable and popular online gambling establishments. Their client list reads like a who's who of the internet casino world. While initially Playtech offered only online casino platforms, they have since expanded very successfully to incorporate other offshoots like poker, bingo, live betting and even some land-based games. Some of the notable sites powered by Playtech include the new iPoker network (a coalition of over 15 sites including GP favorite Titan Poker), Bingoland, GoldenPalace, and BetWWTS.
Not only does Playtech have many impressive gambling industry partnerships, but the company also has licensing agreements with movie giants MGM and Paramount Studios. Just this month Playtech announced another groundbreaking license agreement with the leading online sportsbook, Betfair.
While many other companies were floundering in 2008, Playtech's annual report revealed that the company's casino and poker revenues were up by a combined average of 70%. Q1 reports for 2009 show that the company's revenues continue to grow. In other words, in an increasingly unstable world Playtech remains a safe bet.
To solidify a more active presence in the gambling community, Playtech and their new iPoker network are hosting a bounty event at this year's WSOP. Now's your chance to share in Playtech's success and to rub elbows with pros like Tony G and Scotty Nguyen. There's still time to get in by qualifying online through special iPoker events.
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28-Jun-2009, 16:03