Playtech Trading Update, 'Highly Confident' for 2008

2008 January 08, Jonny Vincent

Online casino software provider Playtech notified the market it continues to enjoy 'buoyant trading' with significant revenue growth late in 2007, with trading reaching record levels.

The company, which produces arguably the best online casino software currently in the market, released a trading update this week which was more good news for Playtech investors. The company reported it remained confident of meeting market expectations for 2007 and, due to a record 2007 Q4, it was "highly confident" of its prospects heading forward to 2008.

Playtech's 2007 preliminary results will be released on March 4, 2008.

In other Playtech news, it was announced that Avigur Zmora, Playtech's Executive Vice Chairman, would be moving from his current role to take up a Non-executive Director position within the company. Zmora will adopt a senior consultancy role in his new position, and will continue to work with Playtech management focusing on business strategy.

Playtech Limited (AIM: PTEC) are holding relatively steady at 382p.

Ed Note: If you want to play on a Playtech-powered online casino, you can't go past 32 Vegas Casino.