Playtech enters New Jersey market

RNS Number : 4542O

Playtech PLC

01 June 2020

 

Playtech plc (the "Company")

Playtech enters New Jersey market

Playtech plc is pleased to announce that it has been granted regulatory approval by the New Jersey Division of Gaming Enforcement ("DGE") to provide its casino product to the New Jersey market. Playtech will launch soon in New Jersey under its transactional waiver with bet365 and Hard Rock Atlantic City. Playtech expects to launch with further operators in New Jersey in the near future and has also started the licensing process in other US jurisdictions.

Mor Weizer, CEO, commented:

"This is a major milestone for Playtech. We are delighted to have met the stringent regulatory requirements of the DGE and to be launching in New Jersey with our long-standing strategic partner bet365. The US is a highly strategic market for Playtech and we see significant demand for the full breadth of our product offering. We are initially launching our online casino product in New Jersey and over time will increase our products on offer to include Sports, platform, and Live Casino and we will continue to expand into further states as they regulate. This is the first step for Playtech in the US and we are very excited about the long-term opportunity." 

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For further information please contact:

Playtech plc   [phone]

Chris McGinnis, Director of Investor Relations &

Strategic Analysis

James Newman, Director of Corporate Affairs

Headland (PR adviser to Playtech)  [phone]

Lucy Legh, Stephen Malthouse

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries.

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. Through the acquisition of Snaitech, Playtech directly owns and operates a leading sports betting and gaming brand in online and retail in Italy, Snai.

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.6,000 employees across 21 countries and is headquartered in the Isle of Man.

 

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