Playtech's Mystery Licensee Expected to Produce

26 November 2007

I-gaming software supplier Playtech says a new contract with a major Asia-facing online gaming operator will create significant new business, but the identity of the licensee is a mystery for now.

The company commented upon the release of its third-quarter trading update earlier this month that it expected to launch its Asian P2P network in the coming months. It looks like the time is now.

Playtech will provide the mystery licensee with software platforms for its casino, poker and P2P games.

For confidentiality reasons, the licensee cannot be named, but Playtech said the contract is material to future profitability.

"This licensee has deep rooted experience and market reach, and we foresee additional benefits for Playtech," Playtech CEO Mor Weizer said, "particularly for our new Asia-facing games which we start rolling out over the next two quarters."