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Betfair And Playtech In Gambling Deal

The London-listed online gambling software provider Playtech plc is to supply Internet bingo and casino games to the major international Internet betting exchange Betfair under the terms of an agreement announced by the two companies this week.
 
According to a statement released Monday, Betfair will "...benefit from a range of software services provided by Playtech, including its leading casino offering and bingo software via the Betfair TV platform - the betting exchange’s Freeview digital channel."
 
The deal gives Playtech exclusivity in the provision of Betfair's new download casino product, which will expand the gaming options available to Betfair's customers through a solution fully integrated with Betfair's existing betting exchange.  However, that exclusivity does not apparently extend to existing arrangements which Betfair has with Chartwell Technology and Cryptologic, both of which supply games to the betting exchange and its reported 2 million registered players.
 
Playtech CEO Mor Weizer commented: "Betfair's decision to enter into this licence agreement with Playtech is a significant endorsement of Playtech's market leading gaming products, and this partnership exemplifies our strategy of rapidly expanding our licensee base with tier one operators across all markets."
 
Weizer added that his company was excited to be working with "....such a like-minded business which revolutionised the gaming industry.”
 
The bingo element in the deal will allow Betfair to introduce this extremely popular game to its television enterprise, where roulette is already offered, and there are plans to introduce blackjack and poker services in the near future. Betfair has clarified that its bingo will not run on the Playtech bingo network, and that its future strategy regarding online poker does not envisage operating on Playtech's iPoker network.
 
Betfair joins William Hill Online on Playtech's major clients list.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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