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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.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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