Playtech signs strategic US agreement

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." 

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For further information please contact:

Playtech plc Chris McGinnis, Director of Investor Relations & Strategic Analysis James Newman, Director of Corporate Affairs	[phone]
Headland (PR adviser to Playtech) Lucy Legh, Stephen Malthouse	[phone]

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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