Playtech PLC Playtech signs strategic US agreement (1788P)
16 February 2021 - 6:00PM
UK Regulatory
TIDMPTEC
RNS Number : 1788P
Playtech PLC
16 February 2021
Playtech PLC
('Playtech' or the 'Company')
Playtech signs strategic US agreement
Playtech plc ("Playtech") is pleased to announce that it has
signed strategic agreements with various subsidiaries of Greenwood
Racing Inc. (the "Greenwood companies"), which own and operate the
Parx Casino in Bensalem, Pennsylvania. The agreements include
licensing of Playtech products to the Greenwood companies in the
states of Michigan, Indiana, New Jersey and Pennsylvania,
commencing with the launch of online casino in Michigan on
Playtech's IMS Platform and Player Account Management (PAM).
Background on Parx Casino:
Parx Casino is the leading casino and racetrack operator in
Pennsylvania. The Greenwood companies also operate online sports
betting and casino in Pennsylvania, online casino and retail sports
betting in New Jersey and retail sports betting in Michigan.
Mor Weizer, Playtech CEO, commented:
"This strategic partnership with the Greenwood companies
represents a major milestone for Playtech and I'm excited to work
with them to help achieve their growth plans in the coming years.
The US is a highly strategic market and this multi-state,
multi-product agreement highlights the demand for the full breadth
of our product offering. This is the next step for Playtech in the
US and we are delighted to work with the Greenwood companies to
capture this exciting long-term opportunity."
- ENDS -
For further information please contact:
Playtech plc
Chris McGinnis, Director of
Investor Relations & Strategic
Analysis
James Newman, Director of Corporate
Affairs +44 (0) 1624 645 954
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse +44 (0) 20 3805 4822
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a market leader in the gambling
and financial trading industries with c.6,400 employees across 24
countries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. Playtech directly
owns and operates Snaitech, the leading sports betting and gaming
company in online and retail in Italy.
Playtech's Financials Division, Finalto, is a technology leader
in the CFD and financial trading industry and operates both on a
B2B and B2C basis.
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END
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