24th March 2009
Online research company Hitwise has released the winners of its Online Performance Awards, revealing the most popular Australian websites of 2008.
Across numerous subdivisions within categories including automotive, business and finance, lifestyle, news and media, and sport, Hitwise names the most visited site based the internet usage of approximately 3 million Australians visiting over 140,000 websites.
Following on from the awards last year, new entrants to Australia’s most popular sites include Webjet, which was top of the “Agencies” division within travel, while Toyota was most popular site among “Manufacturers” in automotive. Another new entrant was Fox Sports which had the most viewed site of “Networks and Channels” site within the TV category.
The most popular site for bands and artists was thewiggles.com, while in the food and beverages category coles.com.au topped “Brands and Manufacturers” and taste.com.au was most viewed in “lifestyle and reference”.
The Awards were held at Dalton House in Sydney today. (Credit: B&T)
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Saturday, March 28, 2009
Playtech 2008 Revenues Climb 70 Percent
27th March 2009
Playtech, a leading global designer, developer and licensor of software for the online and mobile gaming industries, has announced its audited full-year results showing a 70 percent increase in total revenues to €111.5 million.
The Isle of Man-based firm revealed that casino revenues improved 68 percent from €47.4 million for the year before to €79.4 million while those from poker grew 73 percent to €30.1 million from €17.4 million.
Capping off the good news for Playtech while many others in the industry struggle, net profits increased 55 percent to €40.7 million resulting in a net profit margin of 37 percent, which was slightly down on 2007’s 40 percent.
Playtech also reported an encouraging start to 2009 with daily average revenues for the first eleven weeks up 2.3 percent compared to the final quarter of 2008. In addition, revenues from its software licensing deal with William Hill that created William Hill Online were approximately 40 percent greater for the first eight weeks of 2009 than those generated by former customers over the final period of last year.
'Playtech continues to perform extremely well, delivering healthy growth for shareholders and meeting management's demanding expectations,” said Roger Withers, Non-Executive Chairman for Playtech.
'Our landmark agreement with William Hill Online is on course to offer significant benefits to the company's earnings in 2009 and further strengthens Playtech's position.
'Management's strategy to focus on growing its presence in regulated markets has enabled the group to enter Italy, signing-up four leading Italian licensees in the process, and we expect to announce further developments in this regard.
'Our successful share placing in June of 2008 demonstrated the faith investors have in the company and its management. Despite the difficult macroeconomic outlook for 2009, I am confident that the group will successfully navigate these challenges. As a result, the board is highly confident of its prospects for 2009 and beyond.'
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Playtech, a leading global designer, developer and licensor of software for the online and mobile gaming industries, has announced its audited full-year results showing a 70 percent increase in total revenues to €111.5 million.
The Isle of Man-based firm revealed that casino revenues improved 68 percent from €47.4 million for the year before to €79.4 million while those from poker grew 73 percent to €30.1 million from €17.4 million.
Capping off the good news for Playtech while many others in the industry struggle, net profits increased 55 percent to €40.7 million resulting in a net profit margin of 37 percent, which was slightly down on 2007’s 40 percent.
Playtech also reported an encouraging start to 2009 with daily average revenues for the first eleven weeks up 2.3 percent compared to the final quarter of 2008. In addition, revenues from its software licensing deal with William Hill that created William Hill Online were approximately 40 percent greater for the first eight weeks of 2009 than those generated by former customers over the final period of last year.
'Playtech continues to perform extremely well, delivering healthy growth for shareholders and meeting management's demanding expectations,” said Roger Withers, Non-Executive Chairman for Playtech.
'Our landmark agreement with William Hill Online is on course to offer significant benefits to the company's earnings in 2009 and further strengthens Playtech's position.
'Management's strategy to focus on growing its presence in regulated markets has enabled the group to enter Italy, signing-up four leading Italian licensees in the process, and we expect to announce further developments in this regard.
'Our successful share placing in June of 2008 demonstrated the faith investors have in the company and its management. Despite the difficult macroeconomic outlook for 2009, I am confident that the group will successfully navigate these challenges. As a result, the board is highly confident of its prospects for 2009 and beyond.'
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Friday, March 27, 2009
Gaming Operators to Merge?
23rd March 2009
Online gaming is now a well established industry with thousands of operators offering the service's of casino, poker, bingo and betting games. The UK market is one of the largest and as a result has become extremely competitive in recent years.
Areas such as online bingo have performed better than predicted with over 3 million players every year. In a saturated market many industry experts believe smaller operators may look to merge with each other, creating larger more stable businesses.
William Hill recently merged with software operator Playtech to create 'William Hill Online', and its predicted many others will do the same. Smaller operators are beginning to struggle in the current market place with the larger companies exploiting their brand awareness and entering new sectors.
Names such as Ladbrokes, Bet 365 and Coral all have products in casino, bingo and poker as well as sports betting, making it difficult for smaller game specific operators to attract new players.
Meanwhile some of so called 'Super' brands could look into acquiring medium to large sized brands like, 888.com or Party Gaming merging with Bwin. These business opportunities are now a real possibility as the market place becomes crowded and market share is fiercely fought over.
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Online gaming is now a well established industry with thousands of operators offering the service's of casino, poker, bingo and betting games. The UK market is one of the largest and as a result has become extremely competitive in recent years.
Areas such as online bingo have performed better than predicted with over 3 million players every year. In a saturated market many industry experts believe smaller operators may look to merge with each other, creating larger more stable businesses.
William Hill recently merged with software operator Playtech to create 'William Hill Online', and its predicted many others will do the same. Smaller operators are beginning to struggle in the current market place with the larger companies exploiting their brand awareness and entering new sectors.
Names such as Ladbrokes, Bet 365 and Coral all have products in casino, bingo and poker as well as sports betting, making it difficult for smaller game specific operators to attract new players.
Meanwhile some of so called 'Super' brands could look into acquiring medium to large sized brands like, 888.com or Party Gaming merging with Bwin. These business opportunities are now a real possibility as the market place becomes crowded and market share is fiercely fought over.
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Wednesday, March 25, 2009
Gambling News Down Under: Australia Website Blacklist Debacle - Gambling911 - 24th March 2009
Evidence is mounting that the list of websites published by Wikileaks is almost certainly ACMA's "secret" blacklist. Senator Stephen Conroy claimed the first leaked list, dated August 2008, was too long to be real. 2395 URLs instead of 1600-odd. However, more recent lists, leaked late Friday night, are another story.
"There's not much if any room for doubt that the Wikileaked lists of 11 and 18 March are anything other than the ACMA blacklist," says Irene Graham, who maintains censorship information website Libertus.net.
Even apart from the giveaway file name, "Websites_ACMA.txt", ACMA' statistics for November 2008 say they added an item "RC-Publication" that month. That means an electronic version of a print publication, like a book or magazine (remember them?), which had been "Refused Classification". It's the only "RC-Publication" item ACMA has ever blacklisted.
When books are banned, it's not a secret. The Classification Review Board's database shows, to choose a completely random example, that on 27 February, 2007, they banned The Peaceful Pill Handbook by Phillip Nitschke and Fiona Stewart.
Mainstream media reported that Nitschke then published the book online in October 2008, hosted outside Australia. The leaked blacklist dated 11 March, 2009, shows the relevant website added on 12 November, 2008 -- the same month ACMA added their solitary banned book to their list. Coincidence? Yeah right.
"This is turning into the Grim Reaper and Y2K of 2009 all in one!" says Australian Media Man, Greg Tingle. "I wouldn't be surprised if this stays one of the hottest news stories in Australia for all of this year. This effects ever man, women and child. The word on the street is that the Australian government has gone to far and will be thrown out of office at the next election." (Credit: Gambling911)
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"There's not much if any room for doubt that the Wikileaked lists of 11 and 18 March are anything other than the ACMA blacklist," says Irene Graham, who maintains censorship information website Libertus.net.
Even apart from the giveaway file name, "Websites_ACMA.txt", ACMA' statistics for November 2008 say they added an item "RC-Publication" that month. That means an electronic version of a print publication, like a book or magazine (remember them?), which had been "Refused Classification". It's the only "RC-Publication" item ACMA has ever blacklisted.
When books are banned, it's not a secret. The Classification Review Board's database shows, to choose a completely random example, that on 27 February, 2007, they banned The Peaceful Pill Handbook by Phillip Nitschke and Fiona Stewart.
Mainstream media reported that Nitschke then published the book online in October 2008, hosted outside Australia. The leaked blacklist dated 11 March, 2009, shows the relevant website added on 12 November, 2008 -- the same month ACMA added their solitary banned book to their list. Coincidence? Yeah right.
"This is turning into the Grim Reaper and Y2K of 2009 all in one!" says Australian Media Man, Greg Tingle. "I wouldn't be surprised if this stays one of the hottest news stories in Australia for all of this year. This effects ever man, women and child. The word on the street is that the Australian government has gone to far and will be thrown out of office at the next election." (Credit: Gambling911)
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Tuesday, March 24, 2009
Web watchdog changes tack after blacklist leak, by Fran Foo - The Australian - 17th March 2009
The communications regulator has been forced to change its internal processes after the address of a prohibited anti-abortion web page in its top-secret blacklist was widely distributed on the internet.
The move comes after the Australian Communications and Media Authority threatened a fine of up to $11,000 a day against a web host for displaying the banned web page link.
The host supplies services to popular internet community website Whirlpool.
The problem began on January 5 when a Melbourne internet user, known online as Foad, complained to ACMA about "offensive content" on an anti-abortion web page (not the entire website).
Two weeks later ACMA replied, confirming the web page contained prohibited or potentially prohibited content.
ACMA's response contained the link to the offending web page, which soon found its way to various blogs and forums, including Whirlpool.
ACMA has since learned from its mistake. "ACMA has modified its replies to complainants to omit the URLs of prohibited content and potential prohibited content," a spokesman said.
ACMA must advise complainants of the outcome of their complaints, the spokesman said, and it was usual to include the relevant URL in the response to ensure that complainants, particularly those who had complained about several URLs, were aware of the action ACMA had taken.
"ACMA is aware of only a handful of instances from the 6000 investigations completed since January 1, 2000, where a complainant has published ACMA's response," the spokesman said.
Other Australian websites and blogs continue to display the location of the banned web page, but ACMA says no action will be taken as "ACMA has not received any other complaints about links to the content concerned".
Whirlpool, which has 276,000 members who regularly provide comments on the internet and broadband in Australia, removed the web page after its web hosting company, Bulletproof Networks, received an "interim link deletion" notice from ACMA.
ACMA said it took action against Bulletproof in accordance with the Broadcast Services Act.
Whirlpool owner Simon Wright questioned why ACMA slapped the notice on Bulletproof instead of Whirlpool since it was the latter that had published the web page.
"ACMA should have contacted us first. We felt compelled to remove the link to avoid getting Bulletproof into trouble," Mr Wright said. "Threatening friendships is something mobs do, not governments."
Bulletproof spokesman Lorenzo Modesto said it had complied with the notice because it was the responsible thing to do when authorities came calling.
Bulletproof notified Whirlpool, which removed the link.
Greg Tingle comment...
I'm an adult and if I wish to watch adult porno that should be my business only. If I want to visit a poker or online casino website to place a bet, so be it. If I want to link to Betfair, I should have every right to. Here's a movie to watch, John Carpenter's 'They Live'. Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity. Rudd, any bells ringing here. Liberal, you have found your next election winner I believe. The way this is going Australia is heading for a riot which will make Cronulla, Maroubra, Thailand, China and France look like child's play. Rudd and Conroy, it's happening on your watch. Is the Australian government happy with themselves now. I would suggest that some Australian politicians are going to do well to get bodyguards, if they don't have them already, such is the dislike of some of their jackass policy, and some of them are the clowns that signed off some of this garbage.
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The move comes after the Australian Communications and Media Authority threatened a fine of up to $11,000 a day against a web host for displaying the banned web page link.
The host supplies services to popular internet community website Whirlpool.
The problem began on January 5 when a Melbourne internet user, known online as Foad, complained to ACMA about "offensive content" on an anti-abortion web page (not the entire website).
Two weeks later ACMA replied, confirming the web page contained prohibited or potentially prohibited content.
ACMA's response contained the link to the offending web page, which soon found its way to various blogs and forums, including Whirlpool.
ACMA has since learned from its mistake. "ACMA has modified its replies to complainants to omit the URLs of prohibited content and potential prohibited content," a spokesman said.
ACMA must advise complainants of the outcome of their complaints, the spokesman said, and it was usual to include the relevant URL in the response to ensure that complainants, particularly those who had complained about several URLs, were aware of the action ACMA had taken.
"ACMA is aware of only a handful of instances from the 6000 investigations completed since January 1, 2000, where a complainant has published ACMA's response," the spokesman said.
Other Australian websites and blogs continue to display the location of the banned web page, but ACMA says no action will be taken as "ACMA has not received any other complaints about links to the content concerned".
Whirlpool, which has 276,000 members who regularly provide comments on the internet and broadband in Australia, removed the web page after its web hosting company, Bulletproof Networks, received an "interim link deletion" notice from ACMA.
ACMA said it took action against Bulletproof in accordance with the Broadcast Services Act.
Whirlpool owner Simon Wright questioned why ACMA slapped the notice on Bulletproof instead of Whirlpool since it was the latter that had published the web page.
"ACMA should have contacted us first. We felt compelled to remove the link to avoid getting Bulletproof into trouble," Mr Wright said. "Threatening friendships is something mobs do, not governments."
Bulletproof spokesman Lorenzo Modesto said it had complied with the notice because it was the responsible thing to do when authorities came calling.
Bulletproof notified Whirlpool, which removed the link.
Greg Tingle comment...
I'm an adult and if I wish to watch adult porno that should be my business only. If I want to visit a poker or online casino website to place a bet, so be it. If I want to link to Betfair, I should have every right to. Here's a movie to watch, John Carpenter's 'They Live'. Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity. Rudd, any bells ringing here. Liberal, you have found your next election winner I believe. The way this is going Australia is heading for a riot which will make Cronulla, Maroubra, Thailand, China and France look like child's play. Rudd and Conroy, it's happening on your watch. Is the Australian government happy with themselves now. I would suggest that some Australian politicians are going to do well to get bodyguards, if they don't have them already, such is the dislike of some of their jackass policy, and some of them are the clowns that signed off some of this garbage.
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Friday, March 20, 2009
InterPoker and ParBet Move to International Poker Network, by Tom Jenkins - Poker News Daily - 19th March 2009
Thursday marks the official move of InterPoker and ParBet from the CryptoLogic Network to Boss Media's International Poker Network (IPN). The move stems from a November agreement between the two networks whereby Boss would absorb CryptoLogic's remaining online poker sites.
The past two days have seen the final rooms on the CryptoLogic Network make their way to Boss. On Tuesday, Extreme Poker jumped to IPN. Yesterday saw the moves of Classic Poker, Opoker, DTD Poker, and BetJacks. Atul Bali, President of GTECH's New Media and Sports Betting Company, commented in a press release distributed on Thursday, “With the addition of six new poker licensees including InterPoker and ParBet, we are significantly increasing the liquidity that can be offered to both the new licensees' players as well as our existing customers' player base. We look forward to further developing our relationship with CryptoLogic and further increasing the size of the IPN over time." GTECH is the parent company of Boss Media and is based in Providence, Rhode Island.
According to a market update issued by CryptoLogic on Tuesday, the move of InterPoker and ParBet on Thursday represents the final "integration of all poker customers." The company will instead focus its efforts on creating industry-leading online casino software. In 2008, it signed on 10 new customers in total, including 888.com, Party Gaming, BSkyB, and GigaMedia. The developers at CryptoLogic rolled out 34 new casino games last year featuring such well-known brands as Street Fighter, Sub-Mariner, and King Kong.
The 2008 calendar year saw CryptoLogic post revenues of $61.5 million, which it claimed was in line with market expectations. Comparatively, revenues were $73.7 million in 2007, meaning a drop of 17% occurred. Two years ago, CryptoLogic posted a net profit of $5.5 million. Last year, the company incurred a net loss of $32.7 million, which it pinned on "write downs of impaired assets, non-recurring restructuring costs, and currency factors." Fourth quarter revenues of $11.7 million in 2008 were half of the $20.4 million that the company posted during the final quarter of 2007.
Information available on InterPoker's website reveals that the process for players involves downloading IPN's new software. Funds will automatically be transferred over. However, My Poker Points (MPPs) will become merely a vestige, as InterPoker and other CryptoLogic players transition to using Frequent Player Points (FPPs).
As a result of the influx of new customers, IPN has grown leaps and bounds. It includes CelebPoker, Fortune Poker Paradise Poker, and Poker Heaven and is currently the ninth largest site worldwide in terms of cash game traffic, according to PokerScout.com. It boasts a seven day running average of 1,900 real money ring game players with a 24 hour peak that is nearly double that amount.
Brian Hadfield, President and CEO of CryptoLogic, commented in the same release, “GTECH and Boss Media are the right partners for CryptoLogic, thanks to their independence and commitment to innovation and technology. This is all part of CryptoLogic’s commitment to a superior experience for our customers and to profitability and growth for our shareholders.” CryptoLogic is traded on the NASDAQ Stock Exchange under the symbol "CRYP." At the time of writing, its shares are unchanged on the day at $4.27. Over the past 52 weeks, the stock has fetched anywhere between $2.00 and $21.97.
Just behind the IPN is the 10th largest network worldwide, the Cake Poker Network. It recently saw the additions of Doyle's Room and Poker Host to its already impressive lineup of PlayersOnly, Lock Poker, and Red Star Poker. Its flagship site is, of course, Cake Poker. Unlike the IPN, the Cake Poker Network accepts customers from the United States, which has helped fuel its growth.
Recent online poker sites that left the CryptoLogic Network included Betsafe, which joined the Ongame Network last month. In December, Sun Poker became a part of the iPoker Network, the largest that does not accept U.S. customers. Playboy Gaming shut down entirely in January. In November, a for-profit online poker room operated by the World Poker Tour (WPT) referred its members to InterPoker; the WPT's site had been part of the CryptoLogic Network. (Credit: Poker News Daily)
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The past two days have seen the final rooms on the CryptoLogic Network make their way to Boss. On Tuesday, Extreme Poker jumped to IPN. Yesterday saw the moves of Classic Poker, Opoker, DTD Poker, and BetJacks. Atul Bali, President of GTECH's New Media and Sports Betting Company, commented in a press release distributed on Thursday, “With the addition of six new poker licensees including InterPoker and ParBet, we are significantly increasing the liquidity that can be offered to both the new licensees' players as well as our existing customers' player base. We look forward to further developing our relationship with CryptoLogic and further increasing the size of the IPN over time." GTECH is the parent company of Boss Media and is based in Providence, Rhode Island.
According to a market update issued by CryptoLogic on Tuesday, the move of InterPoker and ParBet on Thursday represents the final "integration of all poker customers." The company will instead focus its efforts on creating industry-leading online casino software. In 2008, it signed on 10 new customers in total, including 888.com, Party Gaming, BSkyB, and GigaMedia. The developers at CryptoLogic rolled out 34 new casino games last year featuring such well-known brands as Street Fighter, Sub-Mariner, and King Kong.
The 2008 calendar year saw CryptoLogic post revenues of $61.5 million, which it claimed was in line with market expectations. Comparatively, revenues were $73.7 million in 2007, meaning a drop of 17% occurred. Two years ago, CryptoLogic posted a net profit of $5.5 million. Last year, the company incurred a net loss of $32.7 million, which it pinned on "write downs of impaired assets, non-recurring restructuring costs, and currency factors." Fourth quarter revenues of $11.7 million in 2008 were half of the $20.4 million that the company posted during the final quarter of 2007.
Information available on InterPoker's website reveals that the process for players involves downloading IPN's new software. Funds will automatically be transferred over. However, My Poker Points (MPPs) will become merely a vestige, as InterPoker and other CryptoLogic players transition to using Frequent Player Points (FPPs).
As a result of the influx of new customers, IPN has grown leaps and bounds. It includes CelebPoker, Fortune Poker Paradise Poker, and Poker Heaven and is currently the ninth largest site worldwide in terms of cash game traffic, according to PokerScout.com. It boasts a seven day running average of 1,900 real money ring game players with a 24 hour peak that is nearly double that amount.
Brian Hadfield, President and CEO of CryptoLogic, commented in the same release, “GTECH and Boss Media are the right partners for CryptoLogic, thanks to their independence and commitment to innovation and technology. This is all part of CryptoLogic’s commitment to a superior experience for our customers and to profitability and growth for our shareholders.” CryptoLogic is traded on the NASDAQ Stock Exchange under the symbol "CRYP." At the time of writing, its shares are unchanged on the day at $4.27. Over the past 52 weeks, the stock has fetched anywhere between $2.00 and $21.97.
Just behind the IPN is the 10th largest network worldwide, the Cake Poker Network. It recently saw the additions of Doyle's Room and Poker Host to its already impressive lineup of PlayersOnly, Lock Poker, and Red Star Poker. Its flagship site is, of course, Cake Poker. Unlike the IPN, the Cake Poker Network accepts customers from the United States, which has helped fuel its growth.
Recent online poker sites that left the CryptoLogic Network included Betsafe, which joined the Ongame Network last month. In December, Sun Poker became a part of the iPoker Network, the largest that does not accept U.S. customers. Playboy Gaming shut down entirely in January. In November, a for-profit online poker room operated by the World Poker Tour (WPT) referred its members to InterPoker; the WPT's site had been part of the CryptoLogic Network. (Credit: Poker News Daily)
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Tuesday, March 17, 2009
Playtech Signs Up Major Spanish Land Operator
Agreement could give gambling software provider a solid entry to a Spanish regulated online gambling market
March 16, 2009 (InfoPowa News) -- London-listed online gambling software developer Playtech plc has scored another important coup, signing up Casino Gran Madrid, one of the largest and most prestigious land-based gaming operators in Europe, as a licensee for its online casino and poker products.
Under the terms of the license agreement, Playtech will provide CGM with its casino platform and poker product, through its iPoker network, as the operator launches its online operations.
Mor Weizer, Chief Executive Officer of Playtech, said: "We are delighted to have secured this agreement with one of Europe's largest and most respected land-based operators. We expect this to be a significantly value accretive relationship, exemplifying our strategy to increase the number of regulated markets in which we operate."
Both parties are committed to meeting all the Spanish regulatory requirements, a Playtech spokesman stressed. CGM has already been working closely with Playtech's development and customer support teams to devise a suite of products tailored to meet the unique demands of CGM's players, offering a wide variety of games specifically designed to appeal to the gaming patterns of CGM's customer base.
Weizer continued: "We are pleased to add further regulated markets to our sphere of operations. Playtech's gaming platform is supported by a transparent and efficient management system which an increasing number of customers view as integral to their future business plans."
Jorge Casanova, Director of Information Systems of Casino Gran Madrid, commented: "Our agreement with Playtech strengthens CGM's leading position in the Spanish casino market. With our casino brand and games available online we are delighted to be leading gaming development in Spain through Playtech's innovative, secure and transparent system."
Industry analyst Collins Stewart described the deal as strengthening Playtech's credibility in a growing regional market. "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," the company said.
Playtech plc is due to release its full-year results on Thursday this week, in what is anticipated to be a positive annual report.
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March 16, 2009 (InfoPowa News) -- London-listed online gambling software developer Playtech plc has scored another important coup, signing up Casino Gran Madrid, one of the largest and most prestigious land-based gaming operators in Europe, as a licensee for its online casino and poker products.
Under the terms of the license agreement, Playtech will provide CGM with its casino platform and poker product, through its iPoker network, as the operator launches its online operations.
Mor Weizer, Chief Executive Officer of Playtech, said: "We are delighted to have secured this agreement with one of Europe's largest and most respected land-based operators. We expect this to be a significantly value accretive relationship, exemplifying our strategy to increase the number of regulated markets in which we operate."
Both parties are committed to meeting all the Spanish regulatory requirements, a Playtech spokesman stressed. CGM has already been working closely with Playtech's development and customer support teams to devise a suite of products tailored to meet the unique demands of CGM's players, offering a wide variety of games specifically designed to appeal to the gaming patterns of CGM's customer base.
Weizer continued: "We are pleased to add further regulated markets to our sphere of operations. Playtech's gaming platform is supported by a transparent and efficient management system which an increasing number of customers view as integral to their future business plans."
Jorge Casanova, Director of Information Systems of Casino Gran Madrid, commented: "Our agreement with Playtech strengthens CGM's leading position in the Spanish casino market. With our casino brand and games available online we are delighted to be leading gaming development in Spain through Playtech's innovative, secure and transparent system."
Industry analyst Collins Stewart described the deal as strengthening Playtech's credibility in a growing regional market. "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," the company said.
Playtech plc is due to release its full-year results on Thursday this week, in what is anticipated to be a positive annual report.
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