PlayWize see their losses rise

PlayWize Plc see their shares in the online gaming market fall, after the company announced that losses for the first six months of the year have grown. This happened due to the passing of anti-online gambling law in the United States, which had a negative impact on the whole online gambling industry.

The company turnover from January to September 2006 was higher compared with the same period last year, but overall losses for the period rose to £915.000 versus £66.000 had in 2005.

PlayWize Plc is a developer of Video Games for PC and consoles like PlayStation, Xbox and Game Cube. Company is listed at the London Stock Exchange since 2000 and recently they approached the online gaming sector, claiming to change the look of online gambling games with a new realistic 3D environment and unique features such as revolutionary game statistics, 3D graphics and a 3D tutorial for beginners with TV and poker celebrity Helen Chamberlain.

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