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   Home arrow News Stratergy and Tips arrow Playtech Fights Back
Playtech Fights Back Print E-mail
Tuesday, 25 July 2006
Industry leading online casino software provider Playtech has today reacted to the drop of its share price on the London Stock Exchange. Commenting on the rapid decline since the arrest of BetOnSports CEODavid Curruthers, Playtech pointed out it does not provide online sports betting software.

The fact that Playtech only provides software for the casino, poker and bingo markets will be of little comfort to nervous investors. The arrest of Carruthers is currently a major concern amongst online casino operators and online gamblers. This is part of a series of moves by the US government that has created an uncertain future for online gambling in the United States.

Stock market reports initially indicated that Playtechs shares, along with those of other listed online gambling operators dropped in the first half of last week by as much as a third in come cases.

The report by Playtech acknowledged the drop in share price, however it emphasized that the company is neither an online sports betting software vendor nor a licensed online gambling operator.

 

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