Stock Rises After Deal With Casino Gran Madrid
- 17th March 2009
Playtech has not sat quietly while
CryptoLogic announced their deal with Paramount
Entertainment. The former was busy inking their
own deal, one which caused their stock prices
to rise once again.
had recently announced that they were joining
CryptoLogic as a developer of Marvel comic hero
slot games for online casinos. Then, seemingly
to steal the spotlight, CryptoLogic penned a deal
with Paramount Entertainment that would bring
movie characters together with online slots.
Playtech has answered the bell once again. They
have signed a licensee agreement to supply casino
and poker software to Casino Gran Madrid. The
deal further solidified the stock price of Playtech,
which had already been on the rise.
Madrid region is one of the leaders of Spain's
online gambling regulation drive, meaning the
deal also reinforces Playtech's strengthening
regulated position," said Collins Stewart.
the agreement was announced with Casino Gran Madrid,
stock prices for Playtech rose almost a full percent.
The company has been in competition with CryptoLogic
to become the world's leading online casino software