Online Casinos Rules: Playtech Online Casinos

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Playtech Online Casinos

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Online Casinos Rules - Online Casinos Software Giant May offer IPO

If you know online casinos then you should definitely know Playtech. This is the company that is responsible for power many of the internet top online casinos with their formidable gaming software. Rumours within the online casino industry seem to indicate that Playtech may try to float their stock in November of 2005. The speculation is that PlayTech’s shareholders prefer an IPO but right now it seems that the online casinos giant won’t reveal whether it plans to float on the London Stock Exchange or not.

But Playtech may also be holding out because of recent speculation about Party Gaming online casinos and the devaluation of their shares. Also an IPO of 888 casino and other online casinos have been met with lukewarm reception on the London Stock Exchange. Because of this Playtech may consider deferring the IPO and could postpone floating their stock until next year.

Founded six years ago, Playtech, maker of gambling software for top online casinos, saw one of its founders bail last year and sell his stake in the company. In 2002 Playtech had $4.5 million in revenue and an operating profit of close to $1.5 million. The actual net worth of the online casino software giant is not fully known but an IPO would certainly have a profound impact on its total value.

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