Playwise Has Not Faired Well In Past Year

The report is in and Playwize, just as many other companies and operators for online gambling, have not faired well in this past year since the Unlawful Internet Gambling Enforcement Act has taken American players out of the online casinos.

Playwize was known as Bits Corporation and they are a large provider of online poker software who has recently showed their profits and losses for this year at GBP 1.96 million compared to last years GBP 1.84 million.

This company went on to make statements as to their losses, in this statement they let it be known that the passing of the UIGEA has harmed the entire industry of online gaming and has made it hard to raise profits for these companies. With out the proper amount of funds available has made it difficult for Playwize to market and promote their online gaming software properly.

Playwize has plans to move forward, they plan to pursue arrangements of licensing with several online poker rooms to license their three dimensional poker technology.

In the past week Playwize did work on a development and deal to supply their Internet three-dimensional poker software with a company named Ladbrokes International Limited. This company is a subsidiary of one of the UK's top rated gambling group Ladbrokes plc.