Playtech Signs Casino Gran Madrid Deal

16 March 2009

Newspaper

Playtech shares on the London Stock Exchange (AIM:PTEC.L) are up 6% today, mostly in response of their licensing agreement with the brick-and-mortar Casino Gran Madrid to provide both Poker and Casino software.

Collins Stewart, an independent investment bank, rates Playtech as a “buy,” was quoted as saying “The Madrid region is one of the leaders of Spain’s online gambling regulation drive, meaning the deal also reinforces Playtech’s strengthening regulated position.”

Playtech is expected to announce their full year’s results on Thursday, which should drive up their stock even more, thanks in part to the addition of William Hill (AIM: WMH.L) to Playtech’s lineup.

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