Online casino and gaming software manufacturer, Playtech, is chiefly known for its high-bit, 3D animated graphics, sophisticated security protocols and large selection of online casino games and video machines. As for online bingo – which is becoming more popular day by day – Playtech has not generally been known to seek attention within the industry….that is, until recently.
In addition to their continued energies of new casino game development and backend, turnkey software solutions, Playtech is now putting even more focus into online bingo software, which they have initiated with the new release of Bingo Broadway. The sixteenth new online gambling game having been released by Playtech this year, gives the company an output average of three new games per month.
Bingo Broadway will be available on Playtech’s network of online bingo sites, including Ruby Bingo and Miss Bingo. As for this large network of sites at Bingoland, Playtech has used it to help propagate further interest in the online gaming industry, which now includes England and Europe. As a result, Playtech has recently completed a UK Sterling bingo network. All of the sites have a distinct British feel to them, offering chat-rooms supervised by UK bingo pros who not only know the game, but know the slang as well.
All of Playtech’s online bingo sites are uniquely branded and offer players the chance to engage in live chat with other players, and win some very substantial jackpots at the same time. With more reach into the expanding bingo industry that is now online, players can expect to find exciting action and promotions at any of Playtech’s licensee sites
Rank Casinos Sells Hard Rock Casino Property to Seminole Tribe
Casino owner, Rank Plc., announced that last weeks negotiations to sell their Hard Rock Casino entirely over to the Seminole Indian Tribe of Southern Florida have come to a close. The deal is reportedly worth £490 million, which Rank shareholders will receive a share of in the amount of 65p per share.
A total of £350 million will be returned to shareholders, while Rank continues putting their efforts into branding and strengthening their other casinos and gambling brands, such as the Hard Rock Casino in London and Mecca Bingo.
Rank’s Chief Executive Officer, Ian Burke, stated the deal with the Seminole Tribe represents a strategic plan that is indicative of a focused and steadfast company mission. Following some recent challenges, such as a loss in business at brick ‘n mortar bingo halls in Scotland (which Rank says was directly caused by the smoking ban in Scotland), Rank has been mulling over business opportunities that will generate cash flow and help the company sustain long term profit growth and greater return on investments
Rank is highly optimistic about the deal, which took nearly two weeks worth of negotiation talks with the Seminole Tribe, who have already managed two casinos under licensing agreements with Rank. Considering the two groups have collaborated over the years, the negotiation were much less “hard-balled” to say the least.
Under the leadership of new Chairman, Peter Johnson, Rank is looking forward to a new business model that will help jumpstart its established casino and gaming properties. Johnson will be replacing current Chairman, Alun Cathcart, who will be retiring before March, 2007.