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Created on Wednesday, 18 June 2008 08:46

 Playtech, one of the big 3 developers of online casino software has raised nearly $218 million to fund acquisitions in Europe and beyond.
The casino software company has just sold over 21 million shares.

The issue was "40% oversubscribed" with  big demand from the United States
The shares, which make up  9.9% of Playtech's share capital before the placing, will start trading on June 23 2008
Collins Stewart, a leading London investment banking group, organised the placing.

Shares of Playtech were down 14p, or nearly 3%, at 534 pence, giving the company a market cap. of almost $2 billion.

Next to Microgaming, Playtech is probably the world´s most successful casino software developer and is behind casino brands such as Eurogrand and Casino King.

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