Playtech Announces Trading Update

Playtech, the international designer, developer and licensor of software for the Online Casinos industry, has announced a trading update for the second quarter of 2006.

Trading Update Highlights

Total Revenues for the quarter increased by 133% compared to the same period last year and 22% on the previous quarter to $25.4 million.

Casino Revenues for the quarter increased by 121% compared to the same period last year and 21% on the previous quarter to $22.0 million.

Online Poker Revenues for the quarter increased by 701% compared to the same period last year and 30% on the previous quarter to $2.7 million.

As of 30 June 2006, Playtech had 42 active licensees operating a total of 137 game sites, representing an increase of eight new licensees and an addition of 34 new game sites compared to the same period last year and an increase of four new licenses and 22 new game sites on the previous quarter.

Significant progress made in new products and platforms development - Videobet, Mobile and Mahjong - enhancing Asian market appeal.

Percentage of player income from the USA continued to decrease – reduced to 48% from 58% over the same period last year and from 49% in the previous quarter.

Continuing focus on Asian and European markets. Asian revenues increased 17% during the second quarter compared to the first quarter of 2006 and European revenues increased by 33% over the same period.

Commenting on the trading update, Avigur Zmora, CEO of Playtech said: "Playtech has shown very strong growth over the past quarter. Both Casino and Poker revenues continue to grow and our policy of geographical diversification continues on track. It is also very encouraging to see the progress in our development pipeline. We look forward to the second half of the year with confidence."