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New Markets Bring Big Profits For Online Gambling Giant Playtech, US Market In Sights

August 27, 2010

Playtech, one of the leading companies in the online gambling industry, has recently reported powerful revenue gains in the first half. The cause of the increase is the expansion of online gambling across much of Europe.

Over the past few months, two new gambling markets had opened through regulation. Italy and France had decided to regulate online gambling, and subsequently allow law abiding gambling companies set up shop within their borders.

With the addition of the French and Italian markets, Playtech’s gross income increased from $103.7 million to $136.3 million dollars, which represents a 31 percent increase over the same period from the previous year.

Playtech’s expansion has not been limited to simply entering the French and Italian markets. Earlier in the year, Playtech had also entered several partnerships. A five year deal had been made with William Hill, and partnerships had also been made with Scientific Games and Sportech.

Playtech is widely regarded as one of the best brands of online gambling, though they do not currently operate within the United States. The company has expressed repeated interest in offering USA online gambling, though there is a patient wait until the United States decides to regulate online gambling.

The online gambling industry in the United States is currently unregulated, though not technically criminalized.

Written by admin · Filed Under Gambling News 

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