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June 24, 2009 Online Casino News:
Playtech Good for Investors
The online casino software company
Playtech has gotten a favorable approval
rating from the highly respected
Deutsche Bank. The bank rated the online
casino “best play on medium term growth
in the online gaming sector.” The bank
gave them a resounding thumbs up, which
will make life much easier for the
online casino software company.
This rating will make them much more
attractive to investors now, which will
bode well for a recent deal that the
online casino company made. They are
currently working on a deal that would
give them 29% of William Hill Online and
they are also moving into the European
and Asian markets. They are moving away
from any problems with the UIGEA and the
mess that is going on in the US right
now, and they are moving forward and
ahead of many of their competitors.
The online casino software company will
also get a large benefit from their
shares in the UK online casino gambling
giant, but they will also see their
popularity grow because of the addition.
With this deal, their software will now
reach clients that they were never able
to reach before. WHO is one of the
largest online casino gambling sites out
there and this deal just made it all
that much sweeter for them.
The bank said that the online casino
gambling company is not immune to the
problems that others have, but they are
on top of the situation, which is why
they are doing so much better than their
competitors right now. They say that the
online casino has a “cash generative
business model” that is working better
than fine for them.
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