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Gala Coral in advanced discussions with Playtech

19th May 2011 8:48 am GMT

Shares in Playtech Ltd reversed their recent downward trend Wednesday following confirmation that the company is in talks to supply its online gaming software to Gala Coral.

Playtech shares gained 3.75 per cent yesterday and are up a further 2.44 per cent this morning in London following the publication of Gala Coral's bond offering memorandum, in which the UK gambling operator confirmed that it is in advanced discussions with the Israeli gaming technology supplier.

The debt-laden company [...]

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