Playtech, which is one of the 2 biggest names in the online gambling industry for software and gaming development that powers online casino like Winner Casino, is expected to spend a total of 600 million Euros on acquisitions as it tries to expands its bingo and mobile gambling platforms. According to Mor Weizer, the Chief Executive Officer of the company, Playtech has well over 500 million Euros on the balance sheet and it has access to an extra 100 million Euros in the form of credit facilities. This announcement when combined with the announcement of a new chairman of the company, it seems that Playtech is in the perfect positions to kick to a higher gear and take the company to the next level.

Alongside this expected expansion, Playtech has announced that its current chairman, who has been serving as the chairman of Playtech for 7 years, Roger Withers is going to leave his position this upcoming October. The person who is going to take his place is Alan Jackson, the senior non executive director. This was the latest business move for Playtech, a company that has no debt because it has earned a total of 424 GBP after selling its stake in WHO (William Hill Online) to Will Hill.

This is not the only good news from Playtech as it has announced that it has scored a 13% increase in the earning for the first year of 2013. This was influenced drastically by the increasing demand on online gambling and mobile gambling. Playtech has announced during the financial report of H1 2013 that the company is very confident that it will meet its twelve-month market expectation in this year. For more details about the financial reports and the numbers, you can check the previous post that discussed the financial report in details.