Online Casino Transfer: News - New Owner for Virtue

02/26/2010		Online Casino Style: News New Owner for Virtue - 2
Home History Games News Dictionary		continued from New Owner for Virtue - 1 Online bingo is being recognized as one of the fastest developing sectors of the online gambling industry, which are exemplified by the consolidated accounts presented by Virtue Fusion at year end. By the 31st of December, the assets now owned by Playtech were worth as much as £12.3 million, a significant increase from the previous year’s £8.1 million. Founded in 1999, Virtue Fusion’s bingo network has boasted one of the most liquid communities in the business, with as many as 6,000 players online at any one time. Their products are licensed for operation in more than 200 regions, including ‘must-have’ regulatory permits with well-known internet casino brands like William Hill, Virgin, Paddy Power, Sky Bet, Bet 365, Ladbrokes, and even Mecca. “The acquisition places Playtech in the leading position in international online bingo markets, complementing our position in poker and casino and, following the GTS acquisition, as a content provider,” reflected Mor Weizer, the chief executive officer for Playtech. “It reflects our ongoing commitment to provide licensees with a comprehensive portfolio of best of breed gaming products. This is another significant enhancement of Playtech's product suite, bringing further liquidity and experience to our existing bingo offering and further strengthens our position as the pre-eminent software provider to the online gaming industry.” Virtue Fusion is in itself the perfect acquisition, as there are few improvements for Playtech to make. The network already hosts multiple languages and currencies. Operators can either join the existing network to link to other online casino and bingo sites, or choose to sign up for ‘white-labeled’ bingo products. The founders and leaders of the firm have committed to a minimum of two years of service to ensure a seamless acquirement. More games will continue to become available with updates, and members will now have easy access to other internet casino products offered through Playtech.

02/26/2010

Online Casino Style: News
New Owner for Virtue - 2

continued from New Owner for Virtue - 1

Online bingo is being recognized as one of the fastest developing sectors of the online gambling industry, which are exemplified by the consolidated accounts presented by Virtue Fusion at year end. By the 31st of December, the assets now owned by Playtech were worth as much as £12.3 million, a significant increase from the previous year’s £8.1 million. Founded in 1999, Virtue Fusion’s bingo network has boasted one of the most liquid communities in the business, with as many as 6,000 players online at any one time. Their products are licensed for operation in more than 200 regions, including ‘must-have’ regulatory permits with well-known internet casino brands like William Hill, Virgin, Paddy Power, Sky Bet, Bet 365, Ladbrokes, and even Mecca.

“The acquisition places Playtech in the leading position in international online bingo markets, complementing our position in poker and casino and, following the GTS acquisition, as a content provider,” reflected Mor Weizer, the chief executive officer for Playtech. “It reflects our ongoing commitment to provide licensees with a comprehensive portfolio of best of breed gaming products. This is another significant enhancement of Playtech's product suite, bringing further liquidity and experience to our existing bingo offering and further strengthens our position as the pre-eminent software provider to the online gaming industry.”

Virtue Fusion is in itself the perfect acquisition, as there are few improvements for Playtech to make. The network already hosts multiple languages and currencies. Operators can either join the existing network to link to other online casino and bingo sites, or choose to sign up for ‘white-labeled’ bingo products. The founders and leaders of the firm have committed to a minimum of two years of service to ensure a seamless acquirement. More games will continue to become available with updates, and members will now have easy access to other internet casino products offered through Playtech.