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Playtech acquires land-based casino software supplier - 25th January 2011

Looking to position the company as the independent software provider of choice for both the land-based and online gaming markets, Playtech Limited has acquired Intelligent Gaming Solutions (IGS), a provider of software based casino management systems to land-based casinos, in a deal worth up to £5.5m.

Playtech has entered into an agreement to acquire the entire issued share capital of IGS, which has installed casino software systems in nine casinos, including the Aspers Group properties in the UK and the Regency Casinos in Greece.

The consideration for the acquisition of IGS comprises an initial amount of £2.5m and a further consideration based on the profitability of the IGS business over the next three years, capped at a further £3.0m. The initial amount has been financed from Playtech's existing cash resources.

Playtech said that IGS has developed an enterprise-level suite of casino management software which manages table gaming, poker, and slots including cashless gaming CRM, loyalty, and cash desk operations.

The company offers operators modern scalable architecture and the ability to manage its entire gaming business information through a single application. The system delivers real-time analysis of the gaming floor and helps optimise CRM efforts, achieving enhanced player value.

For Playtech, the acquisition brings a highly regarded management team and software development capability in a business area that is complementary to its existing business, in particular subsidiary Videobet, and enhances Playtech's cross platform capability.

Playtech added that as land-based operators look to develop an online presence, the casino management system provides a gateway to the integration of both formats in an integrated and seamless solution across all channels.

“The convergence of land-based and online segments is becoming a key theme in the industry and we continue to position Playtech as the independent software provider of choice with market leading integrated technology,” said Playtech chief executive Mor Weizer. “We see this deal as increasing Playtech's unique competitive advantage and cross-platform capabilities.

“The IGS management team has a long track record in the development of such systems and we are delighted to welcome them into the Playtech family. They will enhance our capabilities in a product area which will further our attractiveness to land-based operators.”

IGS founder Martin Sykes, added: “This deal will underpin the growth of IGS and we very much look forward to the future as part of the Playtech team, contributing to the development of a leading cross-platform solution. Playtech's Videobet software has set new standards in server-supported gaming and the IGS solution will extend the Videobet portfolio throughout the land-based operation.”

Shares in Playtech Limited have gained 1.14 per cent to 420.75 pence per share in early trading in London this morning.

 

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Rocky Slots

When you play Winner Casino’s Rocky slots game, prizefighting takes on a whole new meaning!

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A 5-reel, 25-payline slots game, Rocky is chock-full of exciting features, among them a boxing match bonus, where players can win big prize money if Rocky manages to defeat his opponent in the squared circle. You win money for each of the 10 rounds that Rocky wins.

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Hulk want money? One of the more thrilling slots games in Winner Casino’s arsenal is the Incredible Hulk. Green is definitely the “in” color, both for the Hulk and for the cash you can win in these slot games. Among the Incredible Hulk’s features are clips from the blockbuster movie itself and exciting Smash bonus games. The Playtech-powered state-of-the-art graphics really make Hulk come to life on the 25 paylines of the slot's reels.

One of the coolest features of Winner Casino’s Incredible Hulk slot game is the bonus round. Fend off the attack helicopters and you’ll see your fortunes soar! There’s also the chance of really “Hulking up” and winning the progressive jackpot!

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New Games From Playtech

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Captain's Treasure Pro: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Spins bonus round and a Gamble feature. The game has a treasure hunt theme and uses pirate, parrot, ships, cannon and treasure chest renderings as reel symbols.

Dolphin Reef: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has an underwater theme and uses dolphin, fish, turtle and treasure chest renderings as reel symbols.

Golden Games: 5-Reel 25-Line Video Slot with extra features – a Scatter bonus, Free Spins bonus round and a Gamble feature. The game has an Olympic Games theme and uses sports-related reel symbols such as stop watches, tennis rackets, weights, medals, cycling, swimming, boxing and running.

Panther Moon: 5-Reel 15-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has a midnight jungle theme and uses black panther, owl, jackal, lotus flower and dragonfly renderings as reel symbols.

Safari Heat: 5-Reel 15-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has an African theme and uses lion, elephant, rhinoceros and zebra renderings as reel symbols.

Sparta: 5-Reel 30-Line Video Slot with extra features – a Scatter bonus, expanding Wild, Free Games bonus round and a Gamble feature. The game has an ancient battle theme and uses warrior, ballista, ship, sword and shield renderings as reel symbols.

Fortune Keno: Arcade Game that is identical to regular Keno in terms of gameplay, payouts and game limits. The main differences between Fortune Keno and regular Keno lie in the theme, game table layout,and game graphics.


Profile

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 PartyGaming, William Hill, GoldenPalace.com, Class 1 Casino, Betfred, Centrebet, ToteSport, Bet365, Stanley Ho's Dr Ho 888 casino, The Rank Group's Grosvenor Casino, VCPoker, Titan Poker, MansionPoker, 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 who realized $295m from the IPO of Playtech. 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.

Playtech employs over 700 people in multiple countries.

On October 22nd, 2008 Playtech announced that it would acquire private assets from Teddy Sagi in return for $245m. This would be the second liquidity event for Sagi from Playtech totaling his proceeds to $540m in cash. Sagi also controls 41% of Playtech through his investment vehicle Brickington. (Credit: Wikipedia).


Official Company Profile

Playtech, the world’s largest publicly traded online gaming software supplier, is a vibrant, forward-thinking software company aimed at offering exciting and innovative value-added solutions to the online gaming industry's top operators. Founded in 1999, Playtech has proven itself to be a leader in the industry by delivering top-notch products and impeccable service to its clients.

We believe that a young, talented and motivated workforce guided by the core belief that "what's best for our clients is best for us too", provides the ideal foundation for the company. A customer-led development philosophy combines technological prowess with real-world business insight to create products and services that best serve our partners' interests and maximize their potential, while ensuring the company's long-term profitability and position as a gaming pioneer.

Playtech's developmental process is driven by its customer success and as a result has always emphasized the use of the most cutting-edge technological innovations available. This in turn has enabled us to provide our licensees with the tools necessary to deliver to their users the best possible solution for their gaming needs.

Who We Are

Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut. Playtech gaming applications - online Casino, Poker, Bingo, Mobile Gaming, Live Gaming, Land-Based Kiosk networks and Fixed-Odds games - are fully intercompatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Founded in 1999, Playtech has over 550 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies.

Playtech is incorporated in the British Virgin Islands. The group's head office is located in the Isle of Man. Its main countries of operation consist of Estonia, Bulgaria, the Philippines and Israel.

In March 2006 the company floated on London’s Alternative Investment Market (AIM) making it the world’s largest publicly traded online gaming software supplier. Investor interest in the IPO on both sides of the Atlantic was a clear endorsement of the company’s product offering, business model, client base and future prospects.

The success of Playtech’s initial offering - Online Casino systems - led it to expand its range of products and platforms to include Poker, Bingo, Mobile Gaming, Fixed-Odds Games, Live Gaming and Land-Based Kiosk Networks. Playtech's unified platform gives added-value by allowing operators to market different products to different player types while enabling the players to login and fund several gaming activities using a single username-password combination, without needing to open new accounts or repeatedly register the same credit card for each activity.

A unique selection of games has been specially designed by Playtech to reflect the gaming habits and cultural nuances of players from around the world, including a range of progressive jackpot games featuring big prize money and interactive, animated bonus stages. Players can choose between online RNG games or Live videostreamed gaming, where they play opposite live dealers who they can see, chat with and even tip in real-time. Mobile gaming allows for real money online play via mobile devices while land-based kiosk systems, featuring sleek multimedia terminals and a brandable PrePaid Card payment system, are also available.

All Playtech’s products support multiple currencies and are available in several European and Asian languages, all expertly translated by native gaming enthusiasts using local gambling parlance.

The Playtech gaming platform can be fully integrated with other existing software systems. Operators can either migrate their entire player database, with all essential user account information remaining intact, or can run their existing software in tandem with the Playtech system, using a number of proprietary mechanisms that preserve database homogeneity and dual-system synchronization.

Playtech works closely with clients to identify the optimum business solution for their operation. Operators can choose to license the gaming software on its own and handle all day-to-day aspects of the business in-house, or can outsource certain services – like hardware supply and maintenance, hosting, technical assistance and 24*7 customer support – to Playtech’s affiliated third-party providers. Whatever business model the operator chooses can be easily modified to match their future needs.

Playtech’s clients include successful online operators who migrated their systems to the Playtech platform like bet365, well-known brand name casinos like Casino Tropez and Club Dice Casino and organizations with deep land-based roots. Playtech’s current focus is on Europe and Asia; in the UK, the company has strengthened its foothold in the blossoming sportsbook industry with such household names as The Tote and Betfred.

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