Playtech PLC Agreement with OPAP (7864V)
02 February 2017 - 2:50AM
UK Regulatory
TIDMPTEC
RNS Number : 7864V
Playtech PLC
01 February 2017
Playtech plc
("Playtech" or the "Playtech Group")
Agreement with OPAP
Playtech (LSE: PTEC) today announces that it has signed a
three-year agreement with OPAP, the leading Greek betting and
lottery operator, for the supply of self-service betting terminals
("SSBTs"), relevant software and services, as well as the
subsequent introduction of an Over-the-Counter (OTC) sports betting
solution.
Under the agreement, Playtech BGT Sports ("PBS") will supply
software and services for a combination of full-sized SSBTs, as
well as the recently launched compact SSBTs, with the initial
roll-out of machines commencing in 2017 followed by the rollout of
an OTC solution in 2018. PBS will provide a fully-managed service
to OPAP including trading and over 25,000 in-play markets.
Dr. Armin Sageder, Chief Executive Officer of Playtech BGT
Sports, said:
"The agreement with OPAP is a milestone for Playtech BGT Sports
and we are proud to be supplying such an important lottery supplier
with our solutions. There are multiple opportunities to further
develop our relationship as OPAP looks to enhance its digital
retail offering and we believe today's agreement marks the start of
a long and successful relationship."
Commenting on this agreement OPAP Chief Executive Officer,
Damian Cope said:
"We are pleased to be cooperating with Playtech and we are
looking forward to leveraging their in-depth expertise, as part of
this new venture. The introduction of SSBTs is aligned with our
strategic priority to build a world-class portfolio of products and
services for OPAP. Our cooperation with Playtech will contribute to
the considerable improvement of our retail sports-betting offering
and the enhancement of our customers' experience."
- Ends -
For further information, contact:
Playtech plc +44 (0)20 3772 2500
Mor Weizer, Chief Executive Officer
Andrew Smith, Chief Financial Officer
c/o Bell Pottinger
James Newman, Head of Investor Relations +44 (0)1624 645954
Bell Pottinger +44 (0)20 3772 2500
David Rydell / Olly Scott
About Playtech
Playtech is a market leader in the gambling and financial
trading industries. Founded in 1999 and listed on the Main Market
of the London Stock Exchange (LEI code: 21380068TTB6Z9ZEU548),
Playtech has more than 5,000 employees in 13 countries.
Playtech is the gambling industry's leading software and
services supplier with more than 130 licensees globally, including
many of the world's leading regulated online, retail and mobile
operators, land-based casino groups, government sponsored entities
such as lotteries, and new entrants opening operations in
newly-regulated markets. Its business intelligence-driven gambling
software offering includes casino, live casino, bingo, poker and
sports betting.
It is the pioneer of omni-channel gambling which, through
Playtech ONE, offers operators and their customers, a seamless,
anytime, anywhere experience across any product, any channel
(online, mobile, retail) and any device using a single account and
single wallet. It provides marketing expertise, sophisticated CRM
solutions and other services for operators seeking a full turnkey
solution.
Playtech BGT Sports ("PBS") is Playtech's sports betting
division, headquartered in Nicosia with more than 600 employees
across 6 different business centres. PBS is the provider of the
market leading Self Service Betting Terminals product with over
26,000 terminals supplied to retail operators in the UK and
internationally as well as digital sports betting platforms and
user interfaces to many major online licensees.
Playtech's Financials division operates both on a B2C and B2B
basis. Its B2C focused offering is an established and growing
online CFDs broker, operating the brand markets.com. Its B2B
offering includes the division's proprietary trading platform, CRM
and back-office systems, as well as its liquidity technology
platform which provides retail brokers with multi-asset execution,
prime brokerage services, liquidity and complementary risk
management tools.
www.playtech.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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