ISLE OF MAN, England – (PRESS RELEASE) --
Further to the statement issued by PartyGaming on Friday 29 December 2006
on the acquisition of certain businesses and assets from both Empire Online
Limited ('EOL') and Intercontinental Online Gaming Limited
('Intercontinental'), Playtech (AIM: PTEC) is pleased to announce that the
Company has entered into a new long term software licensing agreement with
PartyGaming. This agreement is subject to the successful completion of the
above stated acquisition that is currently seeking shareholder approval
from EOL.
Under the terms of the four-year agreement, the online gaming websites
currently operated by EOL and Intercontinental will remain exclusively on
the Playtech platform. These websites will continue operating as usual and
will also provide the added advantage of cross-selling opportunities to the
current PartyGaming player database.
The online gaming websites operated by EOL and International that are
being acquired by PartyGaming include NoblePoker.com, Clubdicecasino.com,
EnterCasino.com, MissBingo.com, FairPoker.com and MagicBoxCasino.com. In
addition to this, PartyGaming will have access to the full range of
Playtech's casino, poker and bingo products.
Avigur Zmora, Chief Executive Officer of Playtech, commented:
"This agreement with PartyGaming is a real endorsement from the leading
online gaming company and we are delighted to have established this
important relationship. The fact that PartyGaming has chosen to continue
operating these sites on the Playtech platform is a clear indication of the
market leading position that our software holds. We believe that Playtech's
software will compliment PartyGaming's existing products whilst providing
an additional route to further revenue enhancement. We look forward to a
long and successful partnership with PartyGaming."