Playtech Ltd. is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, and fixed-odds arcade games online.
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Playtech Ltd. is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, and fixed-odds arcade games online.
Playtech gaming software and casinos
Playtech's gaming software has been certified by BMM International, an Accredited Testing Facility and principal consultants to major gaming and wagering regulatory bodies, manufacturers, casinos and gambling operators throughout United States, Europe and Asia.
Some of the notable companies using Playtech software include GoldenPalace.com, Class 1 Casino, Betfred, Ritz Club Online (associated with the Ritz Club Casino in London), Centrebet, ToteSport, Bet365, Stanley Ho's Dr Ho 888 casino, The Rank Group's Grosvenor Casino, VCPoker, Titan Poker, and Christchurch Casino's Kiwi Gaming. Other key Playtech casino brands include Casino Tropez, Europa Casino, WindowsCasino.com and Prestige Casino.
Playtech bingo
Playtech software also powers a number of bingo sites. Most sites are 'Network Members' of the Bingoland network, which is similar to a network of online poker rooms: the participating sites have shared jackpots, games, chat and backend, and are also listed together at the Bingoland site, with each online bingo site offering slightly different graphics and websites to differentiate them. Some licensees, such as Golden Palace and BetFred, with sufficient custom to sustain a standalone site, have opted for the standalone "Independent Licensee" or "Licensed Network" model, where the only players on the site are those of the individual operator.
Playtech poker
Playtech software is not only one of the leading providers of online casino and bingo game software, but their software also powers a network of online poker room. This network of poker rooms, called iPoker, share the same software and backend, but each online poker site provides a unique look and feel and brand to the actual playing experience.
Playtech is developing gaming software for the Manchester United poker website. An agreement was signed between the UK betting company Betfred and Manchester United to initiate and develop the Man Utd branded gaming site. The deal will last at least for three years.
Investor information
Playtech was founded in 1999 by Teddy Sagi. The United Kingdom based company floated early in 2006 on the London Stock Exchange under the symbol PTEC for approximately £550m at a flotation price of 257p. The company's current CEO is Mor Weizer.
After the passage of the SAFE Port Act the company's stock suffered a one-day fall of over 40%. It subsequently recovered the losses to stand at near its 52-week peak in February 2007. The firm has excluded all US players from its properties.
