BUSINESS

Playtech moves up the London Stock Exchange ladder after getting “premium listing”

TAGs: Business, London Stock Exchange, Online Gaming, Playtech

Playtech, London Stock ExchangeThere’s a lot of reasons to be smiling today if you’re a part of Playtech. The international designer and software developer for the online, mobile, TV and land-based gaming industry marked a momentous occasion in their history after the company’s shares moved up the proverbial stocks ladder from AIM to the Main Market at the London Stock Exchange.

Playtech opened the London Stock Exchange earlier today and it couldn’t have come at a better time for a company that’s experiencing tremendous growth in the industry as the world’s leading supplier of software and service to the online going market.

In a statement, Mor Weizer, CEO of Playtech, commented on Playtech’s rise up the ranks. “This is a very exciting day for Playtech and we are delighted to be part of the Official List,” he said. “We have experienced exceptional growth since the Company’s foundation in 1999 and today marks a significant milestone in its continued development.”

Playtech’s inclusion into the London Stock Exchange’s Main Market serves as a kind of recognition to the company after it posted a capitalization of £1 billion, a number that’s been strengthened by its consistent growth and spurred by continued excellent performance within the industry, none more evident than in their recent business dealings.

Recently, Playtech was involved in a number of business dealings that have further strengthened its position in the industry. Just last week, the online gaming service provider extended its current deal with licensee Paddy Power that allows the latter to offer a number of new mobile casino options to its customers, including nine new games like blackjack, slots, and roulette. Around the same time, Playtech’s Gaming Technology Solutions (GTS) signed a deal with Barcrest to integrate the latter’s games into the former’s GTS open gaming platform.

After 13 years of successful business wheelings and dealings in an industry that continues to grow, Playtech can officially say that they’ve made it into the big leagues of the London Stock Exchange. Well earned, and certainly well-deserved.

Job well done, guys.

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