Playtech plc
('Playtech' or the 'Company')
Playtech signs landmark agreement with market-leading Holland Casino in anticipation of forthcoming market regulation
Playtech, the international designer, developer and licensor of software and services for the online, mobile, TV and land-based gaming industry, announces that it has signed a landmark agreement, (the Agreement") with Holland Casino in preparation of forthcoming regulations in the Netherlands.
Holland Casino holds a market-leading position in the Netherlands and is best positioned to benefit from the introduction of online gaming regulations. The Agreement further strengthens Playtech's position as the natural choice in regulated markets and continues the Company's strategy to establish itself in newly regulated markets.
This agreement builds on Playtech's major customer relationships in regulated markets with other successful operators such as RAY of Finland and many leading operators in Italy, including SNAI, Sisal and Eurobet.
The Dutch online gaming market is expected to regulate in early 2015 and presents a strong opportunity for both Playtech and Holland Casino in the Netherlands, considered to be one of the more exciting markets in Europe.
Playtech will partner with Holland Casino as it moves into the online gaming space and will launch Playtech's entire gaming product suite including casino, poker, bingo, mobile and portal. In preparation of forthcoming regulations, Playtech will deliver a play-for-points offering, which will support Holland Casino's efforts to establish itself in the online space and build an online player base.
Commenting on the Agreement, Willem-Jan van den Dijssel, Holland Casino's Chief Executive, said: "We're excited to have Playtech as our partner in the development of our online casino and gaming platform. During the tender procedure, Playtech presented itself in a very convincing and promising way. As the world's largest online gaming software supplier, we're convinced that Playtech will deliver the high quality and state-of-the-art user experience that we seek for our players."
Mor Weizer, Playtech's Chief Executive, said: "We are thrilled Holland Casino has chosen us as its online gaming software provider in the soon-to-be regulated Netherlands market. Playtech will ensure Holland Casino meets all the new regulatory requirements to be set out by the Netherlands legal authorities to provide its customers with an appealing localised product experience. We are confident that our industry experience coupled with our current work in many regulated markets will ensure Holland Casino will provide its players with an unparalleled online gaming offering."
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For further information contact:
Playtech Ltd Mor Weizer, Chief Executive Adam Kay, Head of Investor Relations c/o Pelham Bell Pottinger |
+44 (0) 20 7861 3232 |
Bell Pottinger David Rydell / Olly Scott / Guy Scarborough / Charlotte Offredi |
+44 (0) 20 7861 3232 |
Forward looking statements
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances. Actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect Playtech's view with respect to future events as at the date of this announcement. Save as required by law or by the Listing Rules of the UK Listing Authority, Playtech undertakes no obligation to publicly revise any forward-looking statements in this announcement following any change in its expectations or to reflect events or circumstances after the date of this announcement.
About Playtech
Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, hosting and CRM services.
The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.
New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.
Founded in 1999, Playtech is listed on the London Stock Exchange and has over 3,000 employees located in twelve countries. Its leading gaming applications include casino, poker, bingo, sports betting, live, mobile and social gaming, casual and fixed odds games.
www.playtech.com
