LONDON, July 2, 2012 /PRNewswire/ --
Playtech, the international designer, developer and licensor of software and services for the online, mobile, TV and land-based gaming industry, was proud to open the London markets today in a ceremony at the London Stock Exchange as the Company's shares progressed from AIM to the Main Market.
The Premium Listing demonstrates recognition by the UK capital markets of the Company's strong growth and performance together with its good corporate governance and management team.
With a market capitalization of around £1 billion and the official listing of its ordinary shares on the Main Market, Playtech aims to strengthen its position as the world's leading supplier of software and services to the online gaming market.
Mor Weizer, CEO of Playtech commented: "This is a very exciting day for Playtech and we are delighted to be part of the Official List. We have experienced exceptional growth since the Company's foundation in 1999 and today marks a significant milestone in its continued development."
Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, hosting and CRM services.
The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.
New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.
Founded in 1999, Playtech listed on aim in 2006 and has some 2,000 employees located in development centres in five countries. Its leading gaming applications include casino, poker, bingo, sports betting, live, mobile and social gaming, casual and fixed odds games.
Mor Weizer, Chief Executive
David Mathewson, Chief Financial Officer c/o Pelham Bell Pottinger