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According to the interview this week in the Financial Times, Playtech spokesmen were in an aggressive frame of mind, disclosing that the Internet gambling software firm is preparing a forceful procurement strategy after last year's end of robust expansion. According to the spokesman's comments, the company's European Championship of Internet Poker which took place in December, two and half million dollars (one point two six pounds) were awarded in its chief event, presented in guaranteed awards assisting to attain a record peak of monthly sales. The spokesman disclosed that for the first time, the Spanish and Italian companies are negotiating with Playtech to sign licensees in their markets, and by the end of the first quarter and undisclosed Asia-facing Internet gambling operators is to be inaugurated. Another licensee agreement in Asia, it appears, is to be signed separately, and only after confirmation from the authorities will there be an announcement. The Financial Times claims that Playtech receives a percentage fee of licensee income which is unusual for a software company. However, analysts do indicate that it is pressured by prices of competitor, namely Microgaming, a similar sized private company and Cryptologic, a smaller developer. The company claimed that in spite of everything, it was full of confidence that the new year would be a good one. Richard Carter, the analyst from Numis, claims that he predicts Playtech will not change in 2008; however, it may show an expansion of ten to fifteen percent if it keeps up the present trading dynamics. In his description of Playtech, he says it is the finest operator, but by depending on a mere ten licensees was observed by him. According to the company, they were feeling sure that they could reach the 2007's analysts' assessments. On sales of one hundred and two point eight million dollars they are hoping to obtain pre-tax profits of sixty eight point eight million dollars. Posted on: January 9, 2008
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