Playtech Ltd, the world's biggest provider of online gambling software, is looking to raise £100 million through a discounted offering of company shares, Reuters reported yesterday.

The company will be raising the money to finance new investment opportunities and future joint ventures it said.

The £100 million is to be collected by offering 46.5 million shares at 215 pence a piece, representing a 2.5 percent discount when compared to the stock's closing prize on the London Stock Exchange on Tuesday.

Playtech revealed that the company has identified a number of acquisition opportunities that would either complement or expand its existing technology offering, and that the costs of these opportunities vary in size up to 40 million pounds.

The company was founded by billionaire Israeli businessman Teddy Sagi, who continues to hold a 40 percent stake.

Today Playtech operates from Estonia, and runs a joint venture with Britain's biggest bookmaker William Hill.

Playtech is also the company behind the software for Paddy Power, PartyGaming and Gala Coral.

Company shares, which have lost a quarter of their value in the last three months, closed at 220.5 pence on Tuesday on the London Stock Exchange.