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Playtech revenues soar 104% in first quarter

2nd May 2012 8:27 am GMT

Alongside posting a 104 per cent increase in total revenues to €75.1m for the first quarter of 2012, Playtech said Wednesday that it has dropped plans to acquire real money gaming and social media assets, as well as an equity stake in a related B2C venture, and will instead enter into a software licence agreement for those assets.

Last month, Playtech signed a non-binding memorandum of understanding (MoU) with an undisclosed party regarding the potential €95m [...]

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