Casino News: Closure of Online Casino Software Provider

Closure of Online Casino Software Provider

 October 28, 2008, 8:46 am (3 years ago)
Fouad Katan and John Corre, CEO and chairman of software supplier for online gaming Playwize, apologetically revealed that their company is going to be closing down and selling their assets.

The move appears to be an omen of the firm and its affiliated companies going into management as spiraling losses and expected debt of Ј1,500,000 took its toll.

Mr Corre stated: 'Owing to very unsatisfactory trading outcomes, and the considerable losses incurred as a consequence, the Playwize group has stopped all trading managements and made all of its employees redundant.
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