I have spoken to several Playtech Licensees and only one has confirmed this to be the case. I have also called a contact I have in Playtech and they refuse to make any comment on the matter.
This is what I could get off their site:
03 October 2006
Playtech Limited
Statement Regarding US Legislation
The Board of Playtech Ltd (‘Playtech’ or ‘the Company’), the AIM-listed international designer, developer and licensor of software to the gaming industry, notes the decision by Congress in the USA to enact the “Unlawful Internet Gambling Enforcement Act 2006.”
The Board of Playtech states that it continues to receive legal advice regarding the impact of this legislation. Whilst Playtech is not an operator of online gaming nor a payment processor, the Board accepts that if this legislation becomes effective there would be a material impact on certain of its licensees and therefore on Playtech’s revenues.
However, in the first half of 2006 more than 50 per cent of Playtech’s revenues were derived from non-US players, a figure that is steadily increasing as the Company continues to add more new non-US facing licensees.
Playtech is actively growing its revenue base in Asia, Europe and South America where the Board believes it has substantial business development opportunities. Playtech’s current new business and development pipeline, including commissioned products, is entirely focused on these non-US markets as are all new licensees.
The Board is confident that Playtech has a sustainable and profitable business model even in the eventuality of the proposed legislation becoming law. Additionally, the Board believes that the Company has significant cash resources and operating cash flows to support the business during its global development programme.
The Board continues to evaluate the situation and will provide an update as and when appropriate.