Seeking to optimise its live gaming content services, FTSE-listed gambling technology firm Playtech Plc has confirmed that it has opened a ‘state-of-the-art’ studio facility in Bucharest (Romania) to cater for growing demand in licensees in newly regulated Eastern European markets. The Bucharest studio will employ native dealers in live broadcasts for Playtech gaming content clients. The new studio will further …
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Playtech strengthens sports leadership team with three senior appointments
Playtech has moved to strengthen its sports betting senior management team, announcing a trio of leadership appointments, ahead of a set of large-scale ‘Playtech ONE’ projects and following its acquisitions sports software provider BGT. The FTSE-listed gambling technology provider has confirmed the appointments of Richard Andrew as new Playtech Sports Chief Operating Officer (COO), joining from The Hong Kong Jockey Club, …
Read More »Playtech boosts omni-channel capabilities with Best Gaming Technology acquisition
FTSE-listed Playtech Plc continues to strengthen its position within the sports betting market by confirming to acquire Best Gaming Technology for €138 million (£115 million). The ‘all-cash’ acquisition sees Playtech secure a 90% stake in the Vienna-based company, which specialises in retail based sports betting provisions, risk/ liability management and multi-channel odds feeds. The announced deal will see BGT …
Read More »Francesco Rodano joins Playtech as Chief Policy Officer
Former Italian Head of Remote Gaming for the Agenzia delle Dogane e dei Monopoli (AAMS), Francesco Rodano has joined Playtech Plc’s executive team as Chief Policy Officer (CPO). A European regulatory expert, Rodano will advise and guide Playtech on international policy corporate initiatives and practices within the context of further new regulations entering the gambling sector. As Head of Remote …
Read More »Playtech commits to Quickspin €50 million acquisition
Industry leading gambling technology provider Playtech completes its first major acquisition of 2016, by confirming that it has agreed to acquire Swedish igaming and social games content developer Quickspin AB for a maximum consideration of €50 million. Founded by the executive team of Daniel Lindberg (CEO), Mats Westerlund (CCO) and Joachim Timmermans (CPO) in 2011, Quickspin has become one of …
Read More »Strong ‘Commercial Pipeline’ sees Playtech post 38% revenue surge in 2015
New client acquisitions, combined with the continued growth of Tier 1 UK digital accounts (Sky B&G, Gala Coral, Ladbrokes and Betfair) have helped Playtech Plc post full-year 2015 revenues of €630 million up 38% on 2014’s corresponding €457 million. Declaring 2015 corporate results (period ending 31 December), Playtech governance was pleased to announce top-line metric growth on all its core division. …
Read More »ICE 2016 – Mor Weizer: Playtech growth to be led by omni-channel & deeper intelligence focus
Addressing industry news sources yesterday morning at ICE 2016, Playtech CEO Mor Weizer detailed that omni-channel competencies combined with dynamic data/intelligence gathering would lead his firm’s future growth strategy. Noting a higher scope for increasing player values and better user retention rates by clients, Weizer stated that Playtech future development and innovation would be led with the aim of creating ‘best-in-class’ industry …
Read More »Playtech wins News UK bingo supplier contract
Playtech online bingo software subsidiary Virtue Fusion has announced that it has won the supplier contract to operate News UK brands’ ‘Sun Bingo’ and ‘Fabulous Bingo’. Virtue Fusion will replace long time supplier Gamesys (since 2008) as the bingo network for News UK bingo brands. The partnerships sees the Virtue Fusion network gain one of the UK’s largest bingo rooms, …
Read More »Playtech continues its strong 2015 momentum with 47% Q3 revenue rise
Issuing a Q3 2015 trading update, Playtech Plc announced metric growth in all key verticals (apart from online poker), as the FTSE listed gambling technology provider recorded a 47% rise in group revenues to €170.9 million (Q3 2014: €116.5 million). The gambling technology provider continues its strong 2015 momentum, recording 21% revenue uplift to €75 million for its online casino …
Read More »Playtech sees first rewards from Ladbrokes Gala Coral merger agreement
Playtech will become the first winner of the Gala Coral Ladbrokes merger as the gambling technology provider is set to receive £75 million under a new marketing services and provisions agreement arranged with Ladbrokes Plc. The £75 million sum will be paid to Playtech upon the completion of the merger. At present the technology firm currently acts as platform and …
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