The Playtech statement reveals that the company continues to enjoy buoyant trading and experienced significant growth in revenues towards the end of 2007, when monthly revenues reached a record level. According to an average of five Bloomberg estimates, pretax profit for 2007 is likely to reach $68.8 million on sales of $102.8 million. Net income for the six months ended June 30 fell 5 percent to $29 million because its licensees withdrew from the country. Revenue dropped 4.8 percent to $44 million.

Trading in the fourth quarter of 2007 exceeded expectations and the directors are looking forward with confidence to the company's trading performance during 2008.

The software developer also reports that changes at the top are in progress with current Executive Vice Chairman Avigur Zmora being appointed as non-executive director of the company and senior consultant. He will continue to work closely with management with particular focus on strategic matters. It is not clear who will take his former position.

The business news service reports that Playtech has been adding products and moving into new markets to make up for customers lost after the U.S. passed a law to outlaw Internet gambling financial transactions.

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