Playtech is planning an important acquisition lining up alongside an affiliated company, using the part of the £112 million raised in a placing a month ago. moreover One of the top online software provider in the gaming industry, that has PartyGaming and Paddy Power as its customers, announced the second quarter revenues of $42.4 million, rising 75% for the same period of 2007, and 9% in comparison with the first quarter. Playtech is among the top companies on AIM having a market capitalization of £1.2 billion. The Playtech representatives stated that a future growth material proportion “can be generated organically”, but several acquisitions could quicken development. The company had already started due diligence on an acquisition which will provide services to the part of the licensees of Playtech.

Early in the year Playtech started launching Asian player-to-player games that would be finished over the coming months. Though, Asian market is smaller for Playtech in comparison with European one, Asia revenues show a 93% rise year-on-year and form a fifth of revenues now.

Playtech also cut a four-year exclusive deal with the Paramount Pictures digital arm that allows its licensees to provide their players with games based on the two famous company’s films, Gladiator and Untouchables. Playtech is also rolling out its Flash poker network in the following quarter. Mr Weizer, chief executive, adds that they are going to sign up five new licensees in the third quarter, in addition to the ten licensees that have been signed this year.

The company is also establishing a poker network in Italy.

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