Kicking off Issue 11 of SBC Magazine, we have an exclusive interview with former William Hill CEO Ralph Topping, who reflected on his journey from a part-time cashier in one of Glasgow’s independent betting shops to the boardroom of William Hill. He looked back on the ways that UK betting shops have evolved in recent years and how bookmakers have …
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Betfred has entered a UK High Court dispute over refusing a £1.7 million jackpot pay-out to a customer on the grounds that its casino game had suffered a ‘software malfunction’. The lawsuit was filed by Andy Green from Lincolnshire who hit the jackpot in 2018, wagering on the Playtech-licensed ‘Frankie Dettori Magic Seven Blackjack’ game. Betfred is reported to have …
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Supporting ‘increased demand across all active markets’, Playtech Plc has moved to expand its Romania live casino operations. The FTSE250 technology group has operated its custom-built Bucharest-based studio since 2017, launching the facility to accommodate increased live casino demand across western European markets. Playtech’s dedicated studio space is currently home to a range of blackjack, roulette and baccarat Live tables, …
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Playtech Plc will trade with caution for the remainder of 2020, as its business units emerge from a ‘disrupted period’, with its corporate outlook dependent on further COVID-19 outcomes. Publishing its 2020 interim results (period ending 30 June), Playtech recorded a 23% drop in corporate revenues to €564 million, (H1 2019: €728m) as the FTSE250 technology group absorbed a series …
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Jason Ader has stated that his company SpringOwl, an ‘independent sponsor and buyout firm’, is tracking all developments of a disrupted global gambling landscape as ‘the pandemic has opened the market’. Speaking to SBC, Ader stated that he is neither undeterred by talk of ‘doom-and-gloom’ nor swayed by easy rhetoric related to ‘business accelerations’. Instead, Ader recognises that global gambling …
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Playtech has entered the US market after agreeing to make its entire casino content suite available with long-term strategic partner bet365 in New Jersey. bet365 first entered the New Jersey market in 2019, making its sportsbook and online casino services to customers in the Garden State. A bet365 spokesperson, said: “We’re excited to partner with Playtech in order to expand …
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Playtech has praised its company’s resilience in navigating COVID-19 realities, despite its B2B and B2C gambling divisions taking a ‘severe’ hit. Issuing an update on its first-half performance and current trading, Playtech noted that adjusted EBITDA amounted to ‘more than €160 million’, which was largely driven by the company’s online division and TradeTech performance. Mor Weizer, CEO, commented: “Thanks to …
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Playtech Plc has offloaded its casual games subsidiaries FTX Games and Plamee Studios to US games publisher Tilting Point, following an undisclosed agreement. Games news sources report that Tilting Point has agreed to take over all major IPs and key employees of FTX Games and Plamee. In 2014, Playtech launched its Plamee casual games studio, a subsidiary division formed by …
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Mansion Group has expanded its lead technology supplier agreement with Playtech Plc, adding a further sportsbook platform for its Casino.com property. The product and services extension follows Mansion renewing contract terms with Playtech as its lead technology and platform supplier for a further five-years. Updating stakeholders, Mansion confirmed that it seeks to expand Casino.com’s capacity by adding new sportsbook components, alongside …
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Playtech has been granted regulatory approval by New Jersey’s DGE, allowing the technology group to provide casino product services to state licensed incumbents. The FTSE250 technology group will launch its casino products in the Garden State, servicing long-term partner bet365’s transactional waiver with the Hard Rock Atlantic City property. Securing its DGE approval, Playtech detailed that it is actively seeking …
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