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3D Gaming Software Company Playwize Folds

Unsustainable Losses Lead to Closure of Ladbrokes 3D Poker Software Developer

by Brendan Murray  |  Published: Oct 23, 2008

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Playwize, the parent company of Pokerwize which develops 3D poker software, has announced it is to close due to Playwize foldsdisappointing trading results, and the substantial losses incurred as a result.

The company has ceased all trading operations and made all of its employees redundant and has will now seek shareholder approval for the sale of the proprietary software technology and other assets.

It is also looking for a suitable target for a reverse takeover. Pokerwize licensed its 3D poker software to Ladbrokes in September 2007 for two years.

 
 
Tags: europe
 
 
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