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Playtech Corners Parts of Asia

The Asian market is the target market for dozens of online casino companies looking for areas with the potential for significant growth in the internet gambling industry. And though some areas in Asia still have restrictions on the types of games available at the online casinos, and some still have strict laws against online gambling – other areas are more open to the growing internet gambling market. Playtech recently announced that it landed a significant exclusive Asian account.

The announcement came in the form of a disclosure from PLaytech, an online casinos games developer, to the London Stock Exchange. And though some terms of the deal have been announced, the Asian company has requested that its name stay out of the media. Playtech has secured a three-year contract with the unnamed Asian online casino gambling group to provide player-to-player games and to create Playtech versions of some of the more popular Asian games. A couple of the Asian games that the has plans to develop include Cho-Da-Di, Do-Di-Zhu, and then Playtech has announced that it will supply the unannounced Asian online gambling group with more traditional poker games as well.

Playtech anticipates that the online casino software development deal will translate into “$4-5 million in revenue in 2008," comments the Playtech CEO Mor Weizer. And already Playtech is gaining status in the UK online casinos industry as news of the Asian contract spreads. The company’s share price on the London AIM has increased since the announcement ( and in anticipation of the announcement).