Playtech Limited
12 March 2007
Playtech Limited
('Playtech' or 'the Company')
Operational Update
Completion Of The Migration Of The Tribeca Poker Network Onto The Playtech
Platform
Playtech (AIM: PTEC), the listed international designer, developer and licensor
of software to the gaming industry, today announces an operational update
following the acquisition of certain non-US assets and undertakings of Tribeca
Tables Europe Limited ('Tribeca') on 13 November 2006,
Playtech is pleased to announce that the migration of the Tribeca and Tain
poker networks onto Playtech's network has now been completed, a month ahead
of initial management expectations.
Playtech is delighted to note that within the last 5 months, the number of
concurrent players during peak time has increased from 8,400 to over 20,000
players post migration.
In addition to the poker royalties that Playtech will receive from its enlarged
poker network, it should be noted that the Group has been successful in cross
selling side casino games to a number of the poker licensees which will result
in an additional revenue stream.
The acquisition significantly strengthens Playtech's share of the global online
poker gaming market and is in line with the Company's continued strategy to
diversify its portfolio and geographical reach making it the World's leading
poker network.
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For further information:
Avigur Zmora, Chief Executive Officer, Playtech Limited
c/o Bell Pottinger Tel: 020 7861 3232
www.playtech.com
Bell Pottinger Corporate & Financial Tel. 020 7861 3232
Peter Otero / Amy Rajendran
This information is provided by RNS
The company news service from the London Stock Exchange