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The leader of online casino designers, the Playtech group, has been hit hard by the economic crisis. In fact, the Playtech group hasn't been spared by the financial storm which has shaken all sectors of the economy and online gaming is also suffering. So Teddy Sagi's group is seeing its stock exchange listing waver. The annual forecasts of the giant among software designers for online casinos, poker rooms or sport betting will be lower than the grOnline casinos: Playtech's Stock Exchange listing collapsesoup's expectations. Monday 21st July: Playtech group's shares dropped 25% in value. These worrying results are partly explained by the unfavourable economic situation for the world of online gaming. Besides, the collapse of the stock market listing is also caused by the fact that Playtech was involved in a joint venture with the William Hill Online group (William Hill Online bought the Cpays casino group, editor's note). It must be said that the market conditions are not favourable for gaming whether it's in the world of actual casinos or in online casinos. In fact the actual casinos are going through an unprecedented crisis and casinos are tightening their belts whether in Monaco, Las Vegas, Macao or in Europe.

The Playtech group which registered a loss in its stock market listing yesterday has however seen its listing increase by 35% in this first half of 2009. Even given this, the forecasts for this year aren't optimistic and according to analyists the results should be between 49 and 52 million euros instead of the expected 55 million euros.

Teddy Sagi's group is one of the leaders in its market and it designs software for online casinos, internet poker sites and sport betting. Playtech is the originator of hundreds of online casinos and poker sites including the Euro Partners group ( Tropez Casino, Bellini Casino, Vegas Red , Titan Poker) , Affiliates United (previously called Cpays, editor's note) with Prestige Casino, 32 Vegas, Party Gaming (Las Vegas Casino, Swiss Casino, Magicbox Casino) and the online poker room, Poker 770, to name a few. The Israeli Teddy Sagi who has just won the heart of Leonardo di Caprio's ex, Bar Refaeli, had the foresight to see the potential of online gaming in 1999. A real pioneer in its domain, Playtech conquered all the markets and is keeping an eye on the world of onling gaming in France whose opening is scheduled for 2010. The Joacasino group which plans to be among the first in the French online market is to equip itself with Playtech software whose platform is secure, confidential and has high quality graphics.

Playtech's shares fell dramatically yesterday but that doesn't imply that the game is over for this Goliath of online gaming. To be continued...

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