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Playtech Signs Casino Gran Madrid
London-listed online gambling software developer Playtech plc has scored another important coup, signing up Casino Gran Madrid, one of the largest and most prestigious land based gaming operators in Europe, as a licensee for its online casino and poker products.
Under the terms of the license agreement, Playtech will provide CGM with its casino platform and poker product, through its iPoker network, as the operator launches its online operations.
Mor Weizer, Chief Executive Officer of Playtech, said: "We are delighted to have secured this agreement with one of Europe's largest and most respected land based operators. We expect this to be a significantly value accretive relationship, exemplifying our strategy to increase the number of regulated markets in which we operate."
Both parties are committed to meeting all the Spanish regulatory requirements, a Playtech spokesman stressed. CGM has already been working closely with Playtech's development and customer support teams to devise a suite of products tailored to meet the unique demands of CGM's players, offering a wide variety of games specifically designed to appeal to the gaming patterns of CGM's customer base.
Weizer continued: "We are pleased to add further regulated markets to our sphere of operations. Playtech's gaming platform is supported by a transparent and efficient management system which an increasing number of customers view as integral to their future business plans."
Jorge Casanova, Director of Information Systems of Casino Gran Madrid commented: "Our agreement with Playtech strengthens CGM's leading position in the Spanish casino market. With our casino brand and games available online we are delighted to be leading gaming development in Spain through Playtech's innovative, secure and transparent system."
Industry analyst Collins Stewart described the deal as strengthening Playtech's credibility in a growing regional market. "The Madrid region is one of the leaders of Spain's online gambling regulation drive, meaning the deal also reinforces Playtech's strengthening regulated position," the company said.
Playtech plc is due to release its full-year results on Thursday this week, in what is anticipated to be a positive annual report
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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