Video Poker 24/7 - Playtech Feeling Confident

Video Poker 247 - Playtech Feeling Confident

Playtech is known the world round for its video poker games, and other top notch casino games that they offer. However, recently they have been known for something else – a very successful online casino firm.

The company recently announced that they were feeling incredibly confident with their 2008 trading as their fourth quarter revenues were significantly higher than they had been. The firm says that their revenues rose 101% to $32.7 million.

The UK based, Israeli run firm has been working on rebuilding their business after the passing of the Unlawful Internet Gambling Enforcement Act had such an impact on them.

The UIGEA had banned all online video poker and gambling for US customers which left the company without a large portion of their revenue. Sites like Bet365 that use their video poker and gambling software were no longer able to service US customers and therefore were not bringing in the revenue for the company.

However, they are now rebuilding in places like Europe and Asia, and their revenue is quickly increasing as can be seen by the financial statements that they are releasing. Their shares have increased as well – going up around 20% in the last three weeks.

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