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Wow, aren’t playtech the largest provider of casino software?
.:omg:
owldeath2 wrote:Wow, aren’t playtech the largest provider of casino software?.:omg:
Yep they sure are, thats a majour blow.
Glad I’ve always gone for CPA over revshare ..
Looks like unless you have a major well ranked european/uk/asian portal you’re gonna find it hard, Playtech gone maybe microgaming and RTG will surely follow with them being USA based(?)
What a disaster.
So we’re ALL Fucked ;/.
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.
Well, if it’s true even though I’m not an American I might as well sell my house, and move into an apartment since I was a heavy Playtech supporter and probably going to lose 95% of my players.
Sad part is, we’ll lose all those players if the law changes somewhere in the future.
I may be screwed!
Thanks America
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.
50% of Playtech’s players are US based, and the fastest growing markets are
outside the US.Does this affect the iPoker network, how many of those sites are playtech?
yes all ipoker sites are affected (ipoker=playtech) If playtech officially pulls the plug on the US.
Rumor and half truths don’t help matters, all it is doing is causing panic, I like everyone here at CAP but I am almost at the point where I can’t stand to come read anymore becuase it is all panic…
I spoke to a top dog at one Playtech who say’s this is BS and NOT true his playtech will continue to do business after Friday and until they block ips, then they will figure something else out!
Please stop with the rumors it is causing panic!
OK from Cpays..
Remove all links and banners
Payment from September will be made then accounts closed (lost over 4000 sign ups)
As of Friday this week Playtech will no longer accpt US interactions.
Remove all money from casinos and iPoker networks now.
Thanks playtech, ill remeber i got bent over on this one when this clears.
dalster44 wrote:Sad part is, we’ll lose all those players if the law changes somewhere in the future.
Thanks AmericaSo If the casinos/pokerrooms choose to accept US players again in 2-3 months, they won’t pay the affiliates for these players? :nono:
Wow – I am happy I only had 2-3 US players!!!!!
Casinolisten wrote:So If the casinos/pokerrooms choose to accept US players again in 2-3 months, they won’t pay the affiliates for these players? :nono:Wow – I am happy I only had 2-3 US players!!!!!
appearently no, they will drop all accounts players and affiliates.
Even though I have many international accounts it doesnt matter.
Casinolisten wrote:So If the casinos/pokerrooms choose to accept US players again in 2-3 months, they won’t pay the affiliates for these players? :nono:Wow – I am happy I only had 2-3 US players!!!!!
appearently no, they will drop all accounts players and affiliates.
Even though I have many international accounts it doesnt matter.
