re: watch this one..poker in the prc I'm in - looks to have turned around on the charts and some big new opportunities with networked gaming. Recent broker presentation was an interesting read - a real growth story is emerging.
Bit of a challenge landing the shares though - took me the best part of a week.
Playtech signs landmark Chinese gaming agreement
Playtech (AIM: PTEC), the listed international designer, developer and licensor of software for the
online and land-based gaming industry, is pleased to announce today that it has agreed a
landmark five year software licensing agreement with China’s leading gaming group: Sino
Strategic International (ASX: SSI).
SSI is listed on the Australian Stock Exchange and is a diversified investment holding company.
Its primary operations are in the large and fast growing Chinese gaming, internet and mobile
media markets.
SSI's subsidiary, Shanghai Kelo, operates the largest corporate retail gaming network in China,
distributing the legalised keno, lotto, and Video Lottery Terminal (“VLT”) games. Shanghai Kelo
currently runs more than 460 Point of Sale ("POS") gaming outlets in Shanghai under license
from the Shanghai Welfare Lottery Centre. In October 2006, the license agreement was
extended, allowing Shanghai Kelo to operate up to 600 outlets distributing keno and other welfare
games for the next five years.
Playtech and SSI will be the first major distributor and promoter of Texas Hold’em Poker in the
Chinese market. Following the launch of the poker product in the coming months, SSI expects to
launch a selection of Playtech powered P2P Chinese tournament games through selected SSI
outlets in China in the first half of 2007 after a testing, approval and implementation period.
Initially, a selection of P2P poker games will be offered, followed by games played more
commonly in China such as mahjong, Do Di Zhu, Cho Da Di and To La Ji.
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