It's a week of optimism at Playtech pic, the Internet gaming software developer and turnkey casino provider, as market hopes are predicted to be met for 2007 when its early March results will come out. 

According to this public announcement, Playtech persists in enjoying an upbeat trade and continues to experience meaningful expansion in income as it approaches 2007 end, with record heights for monthly income. The company's directors feel sure of the 2008 firm's trading activities as the fourth quarter 2007 trading figures passed everything anticipated.

Bloomberg's five median assessments state that one hundred and two point eight million dollars sales is likely to yield for 2007 a pretax profit of a possible sixty eight point eight million dollars.

Playtech has been accumulating more products and entering new markets, according to business news service reports, with the aim of offsetting clients they couldn't keep after the United States legislated to prosecute money transactions connected to online gambling. Because its licensees left the country, its net income for the half year following June 30 dropped by five percent to twenty nine million dollars. A revenue fall of four point eight percent fell to forty four million dollars.

The software developer also reports of executive changes, where Avigur Zmora, now becomes a non-executive company director and senior consultant after being the present Executive Vice-Chairman. Zmora will go on working closely with management while focusing especially on strategy. His replacement in the previous post has not yet been announced.

Posted on: January 5, 2008

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