|Online casino software provider Playtech has signed up what it described as a ‘significant’ Asia-facing licensee but would not release additional details for ‘reasons of confidentiality’.|
In a statement to the London Stock Exchange, Playtech stated that will provide the unidentified operator with new Asia-focused peer-to-peer games and claimed that the new licensee has a ‘strong and diversified presence in the Asia-Pacific region’.
It stated that the contract is ‘material to the future profitability’ of the firm and that it is ‘expected to become earnings enhancing during the second quarter of 2008’.
“This is a significant new business win for Playtech and comes after lengthy contract formalities with the licensee,” said Mor Weizer, Chief Executive Officer for Playtech.
He said that the scale of the operator and its large client base would make it a very valuable addition to the company’s stable.
“The additional tools and features that we have developed for this operator will further strengthen Playtech’s market-leading position in the vast Asia-Pacific market,' said Weizer.
'This licensee has deep-rooted experience and market reach and we foresee additional benefits for Playtech, particularly for our new Asia-facing games, which we start rolling out over the next two quarters.”