Playtech upbeat about 2012

Online gaming software provider Playtech said it was optimistic of meeting full year expectations after revenues grew by 89 per cent year-on-year to £58m in the fourth quarter. The coming year bodes well for the group, which plans to take advantage of the opening of online gambling markets. The company, which was founded in 1999, said it plans to expand in Europe and make inroads into the US and Canadian markets.