Teddy Sagi to float Playtech to the Tune of 880 Million Dollars

Playtech, the company that provides casino software to many online casinos, has stockbroker Collins Stewart for the floatation of their stock on the LSE. With a projected net worth of almost 900 million dollars, this announcement has the gambling industry in a frenzy.

Playtech is mostly known for the software that it provides for some of the finest online casinos on the internet. Indeed, at times they go even further. The company has only been around since 1999 and already shows great promise and, of course, a lot of money. Playtech software can be found in some of the best online casinos, among those recommended at www.worlds-best-online-casinos.com. While there are other companies that do the same, Playtech is known the world over for the quality of its products and gaming platforms.

However, there are those in the gambling community that feel some apprehension about the move. Gambling stock all over the world has fallen recently, due to the break-up of PartyGaming and Empire Poker, and bad sentiment towards the industry as a whole. As a result, many analysts fear that the Playtech flotation may be doomed to sink. Investors may want to avoid over-inflated stock prices in what is a relatively new market. Be that as it may, Playtech is denying that such a move is about to be made, in light of recent developments in PartyGaming, that has lost since its flotation over 30% of its worth.

Reginald Esquire, Editor, 18.10.05