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PlayTech Shares Climb Following Betfair Agreement
LONDON, England -- As reported by Gaming Intelligence: "Shares of gaming technology provider Playtech Limited climbed more than 10 percent Tuesday as the company announced an agreement to serve
as the exclusive downloadable casino software provider to Betfair, the world's leading online betting exchange.
"In what it described as a major new licence agreement for the company, Playtech will provide Betfair with its downloadable online casino product which will sit alongside Betfair's existing instant play casino, expanding the gaming options available to Betfair customers via a fully integrated solution.
Additionally, Playtech will also serve as the bingo software provider to Betfair TV, the company's free-to-air interactive gaming platform.
"'We welcome Betfair to our licensee network and are excited to be working with such a like-minded business which revolutionised the gaming industry,' said Playtech CEO, Mor Weizer..."
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| Playtech is one of the leading gambling software manufacturers in the online gambling world and is the software of choice for many well-known and popular online casinos. Founded in 1999, Playtech has over 250 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies. |