Playtech Sees Their Shares Rise
February
9, 2010
The online gambling company
Playtech Ltd. has seen their shares rise this past week, and their
shareholders could not be happier about it. They know that the latest
deal that the online gambling company has made is directly responsible
for the rise, and they are excited by the possibilities that it has to
offer. The company has signed a joint venture deal with New York based
Scientific Games Corp.
Experts say that this is a really good deal for the online gambling
company. They believe that this deal will boost their earnings modestly
this year but will show a much larger gain in the future. They say that
this will likely drive major contract wins in the future and that once
the United States overturns the Unlawful Internet Gambling Enforcement
Act, or UIGEA, that they will be able to expand exponentially.
The two online gambling companies have joined forces to jointly develop
and market their next generation of both land based and online gambling
products and services. They will then be able to offer these items to
regulated online gambling operators in the United States – once opened
and regulated – and elsewhere across the globe.
The deal is going to combine Playtech’s online gambling software with
Scientific Games’ government compliant gambling equipment. This will
enable both companies to move forward in a much larger way than they
would have been able to accomplish on their own. With their shares
already up 11%, it would appear that Playtech’s shareholders agree with
the assessment.
