Playtech one of the leading online scratch card and gaming companies has said that it will issue 46.5 million shares at a 2.5% discount on Mondays closing price in London.
The placement will enable Playtech to make new acquisitions and investments in line with the online gaming software company’s strategy which was published in the summer.
Playtech lost 25% of their share value over the past three months, due to global market shift and a lot of tension with its joint venture with William Hill Casino. Last month all William Hill workers walked out and had a mini strike.
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Playtech has been providing software to other major UK online betting sites including Paddy power, PartyGaming and Gala Coral.
Till now they have developed a great Scratch card platform which has given us lots of great Scratchgame player entertainment. I think that overall this expansion will have a positive effect on the Online Scratch Card industry. I am sure that we will see better Scratch Games and new innovations that will make the Scratchcard experience even better. The growth has been exponential and Online scratch cards have become a major player in the online gaming market where players seek to find interesting and better odds playing fields.