Shares in the online gaming developer PlayWize plc (formerly Bits Corp plc) headed south this week after the company announced that losses for the half year have grown considerably.
Turnover for the six months to September was GBP46 000 compared with GBP32 000 in the same period last year, but pre-tax losses for the period rose to GBP 915 000 versus GBP 66 000.
The group said the passing of anti-online gambling legislation in the US had a negative impact on the industry as a whole.
Playwize plc, an AIM listed company since 2000 is a UK developer of video games for PC and consoles such as XBOX, PSP, PS2 and Nintendo GameCube. Playwize plc brought this technological capability to the field of online gaming recently, claiming to change the look of online gaming with realistic 3-D environments and other unique features. With Pokerwize, the company’s first new offering, players were offered “a revolutionary new way to enjoy the game”, including real-time voice chat, full statistics calculator, and an in-depth 3-D tutorial with TV and poker celebrity Helen Chamberlain.