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THE
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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.
Game
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Rocky
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A
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With
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News
Playtech
powered online casinos battle for Asia Pacific
market
Sega
said to be releasing Sonic slot game in late 2009
New
Games From Playtech
Arctic
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features – a Scatter bonus, Free Spins bonus
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The game has an Arctic theme and uses Eskimo,
polar bear, wolf and owl renderings as reel symbols.
Azteca: 5-Reel 20-Line Video Slot with extra features
– a Scatter bonus, Free Games bonus round,
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The game has an archaeological adventure theme
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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
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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
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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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