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| | | July 23 - Top online casino software developer, Playtech, has reacted to the decline of its share price in the London Stock Exchange by pointing out that it
does not provide online sports betting software.
Playtech's reaction followed last week's arrest of the CEO, David Carruthers, of
leading online sports book, BetOnSports.
The arrest rocked the online gambling industry and is currently a big concern
amongst online casino operators and online gamblers alike as to the future of
online gambling in the United States.
Reports indicated that during the first half of last week Playtech's shares,
along with those of other listed online gambling companies, had experienced a drop in share price, almost by as much as a third in some cases.
Playtech issued a statement acknowledging the drop in its share price, but emphasized that it is neither an online sports betting software vendor nor a
licensed online gambling operator.
Currently Playtech only supplies gaming software to the online casino, online poker and online bingo markets.
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