A Possible Float Could Occur for Online Casino Software Provider Playtech
20 October 2005

Although there are many big names within the online casino industry, Playtech is one of the top names on the list, and there have been rumors that it could float on the London Stock Exchange. Playtech is the outstanding company which provides software to a vast number of online casinos. Essentially, Playtech powers gambling sites, allowing players to enjoy the games on these sites from their home computers. Playtech has only been around since 1999, they are best known for supplying and developing the software that powers some of the net’s best online casinos.

There have been recent whispers within the internet casino industry that indicate Playtech could be one of the next huge companies to float on the London Stock Exchange. However, Playtech has kept their future financial plans quiet, even though it’s no secret that the online casino company is easily worth an estimated $900 million dollars.

Nevertheless, it has been speculated that Playtech is considering floating their stock, as it has been rumored they have even made the effort to hire stockbroker Collins Stewart to examine all of Playtech’s best options. Naturally, with a net worth that is estimated at almost $900 million dollars, the news of Playtech’s floatation has definitely created a buzz in the online casino industry. Despite this buzz, Playtech still wishes to keep their decisions quiet, as there has recently been some unstable action and speculation concerning the online casino stocks, which is partially due to moves that Party Gaming has recently made.

Investors in the stock exchange have become apprehensive due to the recent events that have occurred, and for the most part want to avoid any over inflated stock prices. That being the case, many investors are anticipating a reduction in online casino stock, and will watch Playtech closely to see if they actually end up on the London Stock Exchange in the near future.