By signing a contract with Foundation Group Limited, Playtech, online software giant, has made a decision to expand into the Chinese market. In accordance with the contract Playtech will provide Chinese market with Peer to Peer (P2P).
Foundation Ltd is a new listed company in Hong Kong, but with a high potential and whose subsidiaries have recently signed licensing agreements with the Communist Youth League (CYL). The latter one is responsible in China for the implementation of China’s “Green Internet Policy”. According to they provide licensed play for cash prizes P2P tournament games via Internet cafes located throughout in the country.
To say more, this contract is the second one that Playtech has signed to provide Chinese market with their product, but this contract is the first one of that scale.