Massive US deal for Playtech

Agreement with Scientific Games will take online gambling software provider into new areas of business

Online gambling software developer Playtech plc saw its shares soar 11 percent as news broke today (Wednesday) of a series of important strategic partnerships with New York-based and Nasdaq-listed Scientific Games Corporation to jointly develop and market next-generation Internet and land-based gaming products and services to regulated gaming operators in the US and other countries.

These partnerships combine Playtech's B2B gaming software and portfolio of products with Scientific Games' proven ability to provide added value, turnkey solutions to government-sponsored (B2G) gaming operators in regulated and soon-to-be-regulated jurisdictions.

The agreements comprise:

1. An exclusive Joint Venture focused on the B2G online gaming market on a global basis, called 'Sciplay' that will combine Playtech's technology capabilities with Scientific Games' global infrastructure and experience which includes:

Decades of experience and strong relationships with US state lotteries
Longstanding presence in many different international countries worldwide
Global infrastructure and pre-eminent reputation for delivery of services in complex regulated jurisdictions

2. Exclusive agreements for Playtech's Videobet to develop gaming terminal software for Scientific Games and its subsidiary The Global Draw, including:

Upgrading of existing 13 500 FOBT terminals in the UK to the Videobet platform
Joint marketing opportunities in UK and overseas for VLT and FOBT terminals
Development of next generation regulatory reporting and management systems for gaming terminals

Through these agreements Videobet will become the leading technology supplier to the UK sector and achieve critical mass.

Mor Weizer, CEO of Playtech and Mike Chambrello, CEO of Scientific Games issued a joint statement saying:

"This is an important step for both companies. We have highly complementary skill-sets allied with a global reach and this partnership provides the opportunity to leverage off this combined know-how to maximum effect. This is an ideal partnership in many ways. Customers will benefit from best of breed content, sophisticated player management systems, and long-standing industry experience in providing highly secure, regulated, compliance-oriented services.

"The related gaming terminal partnership brings the potential for operators to enjoy a technology platform that is seamless, integrated and adaptable both to multiple delivery channels and cross-promotional opportunities."

Further details on the partnerships were set out by Playtech spokesmen:

Sciplay Joint Venture

Scientific Games and Playtech have entered into a 50:50 joint venture to deliver the latest state-of the art online technology to government-sponsored and government-regulated lottery operators, including US state lotteries consistent with applicable regulations, under the brand name, Sciplay.

The joint venture will combine Playtech's B2B internet gaming software and content with Scientific Games' nearly 40 years of B2G expertise in creating fully compliant, revenue-generating, responsible gaming solutions for government gaming entities. The combination will enable Sciplay to offer customers a comprehensive range of gaming content and gaming solutions, consistent with the various regulatory regimes that may apply.

Sciplay will have globally exclusive rights to Playtech's internet technology for these customers.

The alliance will deliver to customers:

* A complete suite of internet games including instant games, casino, poker, bingo, sports and skill games on a single platform with a leading player management system;

* Proven marketing, advertising, promotional, operational and customer support services;

* A range of support services including hosting, payment processing, content management, customer relationship marketing and affiliate management; and

* Comprehensive compliance and responsible gaming safeguards.

Playtech and Scientific Games have agreed to appoint Richard M. Weil as managing director of Sciplay. He formerly served as president of Fun Technologies (a leader in the internet games business), prior to which he served as VP of International Sales for Scientific Games.

Gaming Terminals and Systems Partnership

Scientific Games and Playtech have also agreed to a strategic partnership relating to both fixed odds betting (FOBT) and video lottery (VLT) gaming terminals and systems development.

Scientific Games is a world leader in gaming terminals and systems for wide area, government-regulated and government-sponsored gaming environments. The Company, through its wholly owned subsidiaries, The Global Draw and Games Media, currently operates approximately 18 000 server-based gaming machines throughout the world. Moreover, Scientific Games has deep expertise in developing gaming terminals and systems for ensuring compliance with government requirements.

Through its Videobet subsidiary, Playtech has successfully pioneered the adoption of internet based technology to land-based venues and provides operators with access to Playtech's market-leading products and content. The technology also provides operators with a highly cost effective way of delivering gaming content to land-based venues, while providing proven venue management capabilities. This strategic partnership provides Scientific Games with exclusive access to the Videobet technology for its gaming terminal business in North America, the United Kingdom and other key jurisdictions, and non-exclusive access in the rest of the world.

As part of the new partnership, Playtech will also lead the development of Scientific Games' next generation terminal management systems technology, delivering a strong competitive advantage. These will offer comprehensive gaming systems that provide governments and commercial operators significantly greater functionality at lower cost, while meeting emerging industry standards and protocols. Capabilities that were once confined to standalone systems will be merged into a single platform, both enhancing functionality and reducing cost for the operator.

Gaming operators and their players will enjoy a new level of flexibility and convenience by providing them with a technology platform that is seamless, integrated and adaptable to multiple delivery channels. Where permitted by law, operators will have the ability to integrate their instant ticket, traditional lottery, internet, and bricks-and-mortar systems, which allows for better player tracking and cross-promotional opportunities across all platforms.

The strategic partnerships should generate significant long term shareholder value and enhanced growth prospects for Scientific Games and Playtech. This partnership is expected to be relatively neutral to Scientific Games' 2010 earnings and modestly accretive to Playtech's 2010 earnings. Both companies are expecting the partnerships to be accretive thereafter.

Mor Weizer, CEO of Playtech, commented:

"This is a strategically significant alliance for Playtech which enables us to focus on what we do best: developing cutting edge technology platforms and exciting games content. Scientific Games is the ideal partner for us with nearly 40 years of experience in over 60 countries from the US to Europe and China, working with state lotteries and regulators."

"This partnership is another example of our focus on regulated markets, where governments will play major roles as both regulators and operators. Playtech and Scientific Games bring unrivalled expertise and experience to benefit both customers and shareholders."

"This is also a transformational development for Videobet, which brings critical mass to the business; and validates our belief in server-based gaming offering the full product suite. We now have a unique cross-platform capability which no other B2B provider can offer; and a partnership committed to taking the game to the next level."

Live activity feed

  • Alenvers
    " Jason FTA wrote: Hi claralie,  Sorry but I have no idea what's going on with regards to your post. Please send me your username so that I can look into your account. The one thing I do no is that the €40 bonus was meant for active depositing players and the GFF50 bonus for inactive depositing players. It might be that the 40 bonus was sent to you in error, thus the agent offered you the correct 50 free offer. However I require your casino username so that I may investigate further.  RegardsJason thank you Jason my username is clarie- for the $40 i have deposited somes days agos but i have also used freebies it is for this reason that  i was denied  but no email  for verifcation account and for the payment declined- I know your   rules about free bonus- i am sorry its me that i did not understood why $40 not eligible then $50 elgible- If  i did not have winning  for  the first bonus  there willl be not all that. Sorry i checked y account i deposited $30 the 09/19 and the promo was :   ……….., redeem your 40 THANK YOU credits!  THANK YOU for playing with us this week! We love entertaining you and your presence makes us feel special! To show our appreciation, here’s an exclusive…    40 FREE here the error ?  "
  • Luis
    "  Oh, you hear the stories about how dangerous Ouija boards are, but hey—it’s just a game. Mary waited until midnight to begin our little game, and the four of us—Sarah, Jessie, me, and, Mary, started by asking all kinds of silly questions. It was a strange-looking board, covered with letters and symbols. There was a plastic pointer that was supposed to move across the board at the behest of the spirits. The instructions called it a planchette. Around one thirty in the morning, the planchette suddenly froze in Mary’s hand. It wouldn’t move, no matter how much we pushed and pulled. Mary turned her frightened blue eyes toward me. “I’m not doing it,” she said, lifting her hands. I grabbed the planchette myself and tried to push it around, but it was fixed to the board. Suddenly, a kind of electric shock buzzed through my fingers. I gasped and tried to pull my fingers from the planchette, but they were stuck. Mary and Jessie both tried to pull my fingers away, nothing helped. The other girls stared with wide, round eyes, as the planchette came alive under my fingers—which were still fixed to its surface—and began to move. “Help.” The words spelled out under my hand. “Help me. Help me.” The planchette kept moving back and forth between the h – e – l – p continuously, until Sarah cried out: “Who are you?” “Amber.” The board spelled. “My name is Amber. I am eight years old.” “What’s wrong?” Mary asked. Her face was so white all the freckles stood out like darkened age spots. “Water. Danger. Help. Scared.” The words spelled out as fast as my hand could move. “Call 9-1-1,” Mary cried suddenly. “Quick. Amber is in danger.” By this time, Sarah was gasping into the phone. Then she hung up the phone. “They wouldn’t listen to me,” she told us, almost in tears. At that instant, my hand was suddenly free from the planchette. “She’s gone,” I gasped, “See if you can contact her again,” Mary said urgently. “We need to know if she’s okay!” I picked up the plastic planchette again. “Amber, are you there?” I asked softly, afraid of what might happen. After a long pause, it moved slowly across the board and spelled out the words: “Too late.” And after another long pause. “Water. Flood. Drowned. Mobile. Alabama.” The planchette stopped.I knew that Amber was gone. None of us got much sleep that night. In the morning, we rushed through breakfast and then looked up the Alabama news on the Internet. None of us were surprised to read that there had been flash floods the night before. I read the names of those who had died in the flood. One of the victims was an eight-year-old girl named Amber. _____________________ My favorite casino is username is : aymenpronet."
  • Pol
    "10 free spins on Fairytale Legends: Red Riding Hoodinfo email"
  • 14657438 10205330574498998 6645398286378382264 n
    "That i didnt notice.  Thanks for highlighting it for me.  "
  • Index
    "Dear members, Please post your usernames for the Exclusive Red Stag Freeroll Tourney HERE. "
  • Raging bull
    "Hi claralie,  Sorry but I have no idea what's going on with regards to your post. Please send me your username so that I can look into your account. The one thing I do no is that the €40 bonus was meant for active depositing players and the GFF50 bonus for inactive depositing players. It might be that the 40 bonus was sent to you in error, thus the agent offered you the correct 50 free offer. However I require your casino username so that I may investigate further.  RegardsJason"
Swipe left or right to see more

lcb activities in the last 24 hours

  • 37
    new members
  • 607
    members online
  • 18395
    guests online
  • 153
    new posts
  • 3333
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results