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PLAYTECH SCORES POINTS WITH DEUTSCHE BANK ANALYSTS
The Online gambling software developer and provider Playtech plc received a resounding thumbs up from the respected Deutsche Bank business analysts this week, earning the accolade “best play on medium term growth in the online gaming sector” which will no doubt make it an attractive proposition for investors.
The rationale behind the recommendation revolves principally around the AIM-listed company's recent deal giving it 29 percent of William Hill Online, but also takes into account the potential benefits to Europe and Asia facing businesses of the recent attempts by US authorities to curtail the activities of US-facing PokerStars and Full Tilt Poker.
In terms of the WHO deal, Playtech stands to benefit not only from its shares in the UK online gambling giant, but from the fact that its software will be used on the websites of one the largest online gambling operations on the Internet.
Deutsche Bank also notes “...regulatory opportunities and expanding markets as playing a significant part in Playtech’s future growth” such as the possible licensing and regulation of Internet gambling in the United States, currently being pursued in Congress by Masschusetts Representative and chairman of the House Financial Services Committee, Barney Frank.
Commenting that Playtech is not immune from the potential of economic difficulties among some of its licensees, the analysts nevertheless point out that the firm's cash-generative business model and leading position in the industry should continue to drive growth by adding new licensees and cross-selling more products despite the recession.
Growth is likely to be more concentrated in the second half of 2009, the bank said, but looking further ahead it commented: “....the pipeline of new licensees and product developments leads us to be positive on the medium term trading outlook as well.”
It is likely that Playtech will seek a more senior listing than its current AIM status by moving up to the main London market at some stage over the next 6 to 12 months, the bank predicted.
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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