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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 :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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