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Playtech shares drop dramatically
LONDON, England -- As reported by The Telegraph: "Playtech, which teamed up with bookmaker William Hill last October to create William Hill Online (WHO), blamed the setback on integration
between the two businesses taking longer than thought.
"The company added that difficult trading conditions and the effect of the downturn on some of its licensees would also contribute to full-year trading not meeting market expectations.
"But Playtech stressed that following a sluggish start, WHO was now making good progress.
"William Hill responded to Playtech's update by saying it remained comfortable with the market consensus for WHO in 2009..."
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| Playtech is one of the leading gambling software manufacturers in the online gambling world and is the software of choice for many well-known and popular online casinos. Founded in 1999, Playtech has over 250 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies. |