Playtech To Sell $300 Million Worth Of Shares On LSE.

Playtech, the online casino software developer, has stated that it will sell $300 million worth of shares.

The shares will be traded on the London Stock Exchange (LSE) Alternative Investment Market (AIM) and represent the biggest single listing on the AIM in 2006 so far.

Reports suggest that the shares from the Isle of Man based company will be listed within the next month.

Playtech was founded in 1999 and licenses its software to 37 firms, which operate 89 online casinos, 16 online poker rooms and 14 bingo sites. Although the company management are based in Britain, Playtech also has offices in both Israel and Estonia.

Company sales recently increased to $47.6 million - around four times the 2003 figures.

Check out selected Playtech online casinos and their offers here.

Source: Playtech


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