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August
Playtech wins UK betting contract
Aug 13, 2006
Playtech Cyprus Ltd., controlled by Teddi Sagi, announced last
week that signed a contract to provide software to ukbetting plc
(AIM: UKB) , which focuses on sports betting and is considered to
be one of the largest online betting companies in the UK. Ukbetting
has a market cap of $113 million.
Under the contract, Playtech will integrate its online casino software
in two of ukbetting’s sites, ukbetting.com and totalbet.com.
In its announcement, Playtech said that its proprietary integration
package had been created to provide added-value to sportsbook operators
and their customers. This latest migration brings the total number
of Playtech licensees to 44, operating a total of 139 game sites.
Playtech did not disclose the size of the deal with ukbetting in
its announcement, but in an interview with “Reuters”,
CEO Avigur Zmora said that it was substantial. Playtech’s revenue
comes from three different sources: software licensing, royalties
from profits of site operators, and technical support to other gaming
sites. Source Code: http://www.globes.co.il/serveen/globes/docview.asp?did=1000122198&fid=942
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