Playtech Software Review

May 7, 2018 Posted in News, Software by No Comments
Playtech is a company that has specialized in gambling and software development for years now. The company was founded back in 1999. The firm offers software for fixed-odds, arcade games, live dealer games, mobile gaming, scratch games, online sports betting, online bingo games, poker games and online casinos. The company is a constituent of the FTSE 250 index and trades on the London Stock Exchange.

Popular Playtech Casinos in UK

BGO Casino

  • No Wagering Requirement on Fair Spins
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  • Large game selection
Playtech was founded in Tartu, Estonia by Teddy Sagi back in 1999. Sagi got support from Casino in Japan and other multimedia and software engineering industries. Playtech launched its very first casino product at the beginning of the millennium back in 2001. Since then, the company has grown to become the largest international designer of mobile and web application software. The company is considered the first among equals in the digital gaming industry. Most of Playtech’s customers are world renowned blue chip companies. They include Sisal and Snai in Italy, Bet 365, Ladbrokes and William Hill in the United Kingdom. Government and regulated agencies also serve as major customers to Playtech. Playtech was successfully floated on the AIM market in March 2006. At the time, the company was valued at approximately US$950 which is slightly over half a billion euros.

After the Unlawful Internet Enforcement Act was passed in 2006, the firm’s stock suffered and experienced a fall of over 40% in just one day. Playtech announced that it would acquire private assets in October 2008. This acquisition was to be done from Teddy Sagi, where it would get $250 million in return. The company acquired PT Turnkey Services from Teddy Sagi in March 2011. The acquisition was worth £125m. On the July of 2013, the firm acquired one of the largest communities of poker in the globe,, for $49.2 million from Etruvian Holdings Ltd. The community, at the time, boasted more than 7 million members. Playtech announced that it was acquiring Aristocrat lotteries in September 2014 from aristocrat leisure limited. The acquisition deal was worth €10.5 million.

Many Casino sites that were powered by Playtech in 2016 announced that they were vacating the German market. Another announcement was made in February 2015 that Yoyo Games had been acquired by Playtech. Yoyo Games is the maker of a studio game development software known as GameMaker. The acquisition deal was worth $16.4 million. In June 2015, it was revealed that Playtech would acquire Plus500 for $699 million. Plus500 is a respected online foreign exchange trader. In November 2015, the planned deal was permanently terminated.Playtech made an acquisition of yet another online game developer company from Sweden known as Quickspin in May 2016. The first installment of €24m represented 100% of all the stake in Quickspin on a debt free and cash free basis. The remaining €26m was to be paid on an earn-out basis in the years 2017 and 2018. According to the contract, the payment was dependent on Quickspin’s EBITDA. Playtech acquired Big Gaming Technology (BGT), who happen to be their rivals in the market, for €138m. The acquisition came at a time when betting firms continue to react to the consolidation wave that has recently swept through the industry.

In January 2017, Playtech opened out new branches in Romania. The company opened a casino studio in Bucharest with the intention of providing live casino games to the online gamblers found in that locality. On March 31, 2017, the licensing contract between Playtech and marvel comics expired. Consequently, the service provider announced a new partnership in February 2017 with Warner Bros. This new partnership was meant to develop slots that would be based on DC comic feature movies such as Suicide Squad, The Dark Knight Trilogy and Dawn of Justice.


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