Online Casino Technology Giant to Sell Shares
Online casino technology developer Playtech will be selling $300 million worth of shares on the London Stock Exchanges in the coming months it has announced. There has been a lot of recent speculation about the activity of the online casino technology giant but now it seems to be confirmed that they will be selling off a portion of their shares. Any fan of online gambling will already be familiar with the name Playtech which has been a leader in the industry and creates the software technology that powers many of the net’s top online casinos.
Established in 1999, the online casino technology provider has sold their services, namely the necessary software used by millions of players around the world to play their favorite casino games, to well known online casinos like Golden Palace and Empire Online Ltd. Playtech collects a percentage of the online casinos revenues in exchange for the use of their software technology which allows the players to gamble on the games provided by these online casinos such as poker for example.
Sales for the online casino technology giant Playtech are estimated to be $47.6 million. They are based on the British Isle of Man, and have offices around the world where the online casino technology is constantly being tested and improved. Playtech provides the essential technology that services 89 online casinos, 16 online poker rooms, and 14 bingo sites.