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Paddy Power migrates to Playtech's casino product - 3rd October 2011

Playtech Limited

('Playtech' or the 'Company')

Paddy Power migrates to Playtech's casino product

today launched its market leading casino product under a multi-year agreement which significantly extends its relationship with the Company.

The Playtech casino product provides Paddy Power with a comprehensive games library, comprising slots, table and card games and a wide range of branded content in both download and web-based formats. Playtech's advanced player management tools include loyalty functionality which will create significant opportunities for Paddy Power to enhance player returns.

Paddy Power is Ireland's largest bookmaker and has a substantial online presence in the UK and in continental Europe. It generates approximately 75% of its total profits through its online presence, primarily through sports-betting, games, casino, poker and bingo products. Paddy Power's relationship with the Company began in 2007 when it became a member of Playtech's iPoker network. More recently Paddy Power joined Playtech's Virtue Fusion bingo network.

Mor Weizer, Playtech's Chief Executive, said: "We have built a strong relationship with Paddy Power over several years and are delighted to be able to further consolidate our service provision to one of the industry's leading players through this agreement to provide our leading casino technology."

Christopher Coyne, Head of Gaming at Paddy Power and Denise Dunne, Casino Manager at Paddy Power, said: "We are excited to announce the launch of Paddy Power's new casino using Playtech's technology. We believe it will be best-in-class with an abundance of excellent games added to our market leading casino promotions for players. Playtech was chosen following a rigorous selection process from amongst the leading casino suppliers. The project teams have delivered a fantastic online casino which we believe will significantly enhance our online offering."

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Playtech acquires land-based casino software supplier - 25th January 2011

Looking to position the company as the independent software provider of choice for both the land-based and online gaming markets, Playtech Limited has acquired Intelligent Gaming Solutions (IGS), a provider of software based casino management systems to land-based casinos, in a deal worth up to £5.5m.

Playtech has entered into an agreement to acquire the entire issued share capital of IGS, which has installed casino software systems in nine casinos, including the Aspers Group properties in the UK and the Regency Casinos in Greece.

The consideration for the acquisition of IGS comprises an initial amount of £2.5m and a further consideration based on the profitability of the IGS business over the next three years, capped at a further £3.0m. The initial amount has been financed from Playtech's existing cash resources.

Playtech said that IGS has developed an enterprise-level suite of casino management software which manages table gaming, poker, and slots including cashless gaming CRM, loyalty, and cash desk operations.

The company offers operators modern scalable architecture and the ability to manage its entire gaming business information through a single application. The system delivers real-time analysis of the gaming floor and helps optimise CRM efforts, achieving enhanced player value.

For Playtech, the acquisition brings a highly regarded management team and software development capability in a business area that is complementary to its existing business, in particular subsidiary Videobet, and enhances Playtech's cross platform capability.

Playtech added that as land-based operators look to develop an online presence, the casino management system provides a gateway to the integration of both formats in an integrated and seamless solution across all channels.

“The convergence of land-based and online segments is becoming a key theme in the industry and we continue to position Playtech as the independent software provider of choice with market leading integrated technology,” said Playtech chief executive Mor Weizer. “We see this deal as increasing Playtech's unique competitive advantage and cross-platform capabilities.

“The IGS management team has a long track record in the development of such systems and we are delighted to welcome them into the Playtech family. They will enhance our capabilities in a product area which will further our attractiveness to land-based operators.”

IGS founder Martin Sykes, added: “This deal will underpin the growth of IGS and we very much look forward to the future as part of the Playtech team, contributing to the development of a leading cross-platform solution. Playtech's Videobet software has set new standards in server-supported gaming and the IGS solution will extend the Videobet portfolio throughout the land-based operation.”

Shares in Playtech Limited have gained 1.14 per cent to 420.75 pence per share in early trading in London this morning.

 

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New Games From Playtech

Arctic Treasure: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Spins bonus round, a Pick-Type bonus round and a Gamble feature. The game has an Arctic theme and uses Eskimo, polar bear, wolf and owl renderings as reel symbols.

Azteca: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round, a Pick-Type bonus round and a Gamble feature. The game has an archaeological adventure theme and uses pyramid, backpack, monkey and small airplane renderings as reel symbols.

Captain's Treasure Pro: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Spins bonus round and a Gamble feature. The game has a treasure hunt theme and uses pirate, parrot, ships, cannon and treasure chest renderings as reel symbols.

Dolphin Reef: 5-Reel 20-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has an underwater theme and uses dolphin, fish, turtle and treasure chest renderings as reel symbols.

Golden Games: 5-Reel 25-Line Video Slot with extra features – a Scatter bonus, Free Spins bonus round and a Gamble feature. The game has an Olympic Games theme and uses sports-related reel symbols such as stop watches, tennis rackets, weights, medals, cycling, swimming, boxing and running.

Panther Moon: 5-Reel 15-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has a midnight jungle theme and uses black panther, owl, jackal, lotus flower and dragonfly renderings as reel symbols.

Safari Heat: 5-Reel 15-Line Video Slot with extra features – a Scatter bonus, Free Games bonus round and a Gamble feature. The game has an African theme and uses lion, elephant, rhinoceros and zebra renderings as reel symbols.

Sparta: 5-Reel 30-Line Video Slot with extra features – a Scatter bonus, expanding Wild, Free Games bonus round and a Gamble feature. The game has an ancient battle theme and uses warrior, ballista, ship, sword and shield renderings as reel symbols.

Fortune Keno: Arcade Game that is identical to regular Keno in terms of gameplay, payouts and game limits. The main differences between Fortune Keno and regular Keno lie in the theme, game table layout,and game graphics.

 

Playtech Can Use Marvel Legends Too

CryptoLogic's branded games will have some serious competition

March 3, 2009 (InfoPowa News) -- In a surprise move, online gambling software and games developer Playtech plc has signed a licensing agreement with Marvel Entertainment Inc. allowing it to include Marvel film properties such as The Incredible Hulk and the Fantastic Four in its branded games inventory.

The achievement means significant competition for fellow software developer CryptoLogic, which signed an agreement to use the same Marvel characters in its games last year.

The exclusive multi-year licensing agreement with Marvel Characters B.V., a wholly owned subsidiary of Marvel Entertainment, Inc., allows Playtech to use Marvel's motion picture brands, giving it the right to use iconic Marvel film brand legends such as "The Incredible Hulk", "Fantastic Four", "X-Men", "Iron Man" and "Blade", amongst others.

Playtech will be able to use these brands across all of its gaming products including casino, poker, bingo and on all of its platforms, online, mobile and T.V. platforms, as well as on server-based gaming terminals, via the Playtech subsidiary, Videobet.

Mor Weizer, Chief Executive Officer of Playtech, commented: "This agreement is a major stepping stone for Playtech, as it will greatly extend the commercial appeal and cross-selling opportunities of our products. Branded slots are a good way of diversifying our product and attracting new players.

"Our customers can now enjoy games with Playtech's market leading software featuring up-to-date Marvel film characters, which have a truly mass market appeal. The proven strength of these brands will allow our licensees to gain market share using the strength of our product. We look forward to working with such a globally renowned and respected company as Marvel to provide an exciting gaming experience for our customers and their players."


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Playtech Moves Further Into Cryptologic’s Territory: Makes Marvel Deal - 6th March 2009
(Credit: Gambling911)


The announcement this week that Playtech had signed a licensing agreement with Marvel Entertainment Inc. was perhaps as big a surprise as the powerful online casino software firm snatching competitor Cryptologic's biggest client, William Hill, right out from under their noses. The new deal allows Playtech to use Marvel film properties such as The Incredible Hulk and the Fantastic Four in its branded games inventory. Prior to this week, Cryptologic had the exclusive rights to the Marvel enterprise as so far as gaming goes.

Mor Weizer, Chief Executive Officer of Playtech, commented: "This agreement is a major stepping stone for Playtech, as it will greatly extend the commercial appeal and cross-selling opportunities of our products. Branded slots are a good way of diversifying our product and attracting new players.

"Our customers can now enjoy games with Playtech's market leading software featuring up-to-date Marvel film characters, which have a truly mass market appeal. The proven strength of these brands will allow our licensees to gain market share using the strength of our product. We look forward to working with such a globally renowned and respected company as Marvel to provide an exciting gaming experience for our customers and their players."

Australian Media Man, Greg Tingle, told Gambling911.com: "It's about time that the powers that be at Marvel ramped up and added some healthy competition to the casinos and operators looking to do business with Marvel on the online casino side of things. "Playtech have an overall excellent reputation and they are doing business with a number of other casinos that have great service that that we make money with, so in the word's of Stan Lee, Excelsior! ... in Australian that translates to 'You beauty mate". Can't wait to see Australia's own Hugh Jackman come to life as Wolverine with Playtech. Early indicators lead us to believe that the Marvel - Playtech collaboration will be an Oscars award winning match up."

For Cryptologic, once considered among the most stable of the online gambling entities, this is yet another setback that has culminated in boardroom strife.

On Wednesday, Cryptologic released a statement regarding the purported requisition for an extraordinary general meeting of the shareholders of CryptoLogic submitted by Mr. Javaid Aziz on 18 February 2009.

CryptoLogic received notification on 4 March 2009 from counsel to Mr. Aziz that he "does not seek to rely on" the purported requisition for an extraordinary general meeting that the company received on 18 February 2009."

Aziz had asserted that the Board of Management had effectively squandered $4.2M of shareholder funds in an abortive foreign exchange transaction.

 

Profile

Playtech Ltd. is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, and fixed-odds arcade games online.

Playtech gaming software and casinos

Playtech's gaming software has been certified by BMM International, an Accredited Testing Facility and principal consultants to major gaming and wagering regulatory bodies, manufacturers, casinos and gambling operators throughout United States, Europe and Asia.

Some of the notable companies using Playtech software include GoldenPalace.com, Class 1 Casino, Betfred, Centrebet, ToteSport, Bet365, Stanley Ho's Dr Ho 888 casino, The Rank Group's Grosvenor Casino, VCPoker, Titan Poker, MansionPoker, and Christchurch Casino's Kiwi Gaming. Other key Playtech casino brands include Casino Tropez, Europa Casino, WindowsCasino.com and Prestige Casino.

Playtech bingo

Playtech software also powers a number of bingo sites. Most sites are 'Network Members' of the Bingoland network, which is similar to a network of online poker rooms: the participating sites have shared jackpots, games, chat and backend, and are also listed together at the Bingoland site, with each online bingo site offering slightly different graphics and websites to differentiate them. Some licensees, such as Golden Palace and BetFred, with sufficient custom to sustain a standalone site, have opted for the standalone "Independent Licensee" or "Licensed Network" model, where the only players on the site are those of the individual operator.

Playtech poker

Playtech software is not only one of the leading providers of online casino and bingo game software, but their software also powers a network of online poker room. This network of poker rooms, called iPoker, share the same software and backend, but each online poker site provides a unique look and feel and brand to the actual playing experience.

Playtech is developing gaming software for the Manchester United poker website. An agreement was signed between the UK betting company Betfred and Manchester United to initiate and develop the Man Utd branded gaming site.The deal will last at least for three years.

Investor information

Playtech was founded in 1999 by Teddy Sagi who realized $295m from the IPO of Playtech. The United Kingdom based company floated early in 2006 on the London Stock Exchange under the symbol PTEC for approximately £550m at a flotation price of 257p.

The company's current CEO is Mor Weizer.

After the passage of the SAFE Port Act the company's stock suffered a one-day fall of over 40%. It subsequently recovered the losses to stand at near its 52-week peak in February 2007. The firm has excluded all US players from its properties.

Playtech employs over 700 people in multiple countries.

On October 22nd, 2008 Playtech announced that it would acquire private assets from Teddy Sagi in return for $245m. This would be the second liquidity event for Sagi from Playtech totaling his proceeds to $540m in cash. Sagi also controls 41% of Playtech through his investment vehicle Brickington. (Credit: Wikipedia).


Official Company Profile

Playtech, the world’s largest publicly traded online gaming software supplier, is a vibrant, forward-thinking software company aimed at offering exciting and innovative value-added solutions to the online gaming industry's top operators. Founded in 1999, Playtech has proven itself to be a leader in the industry by delivering top-notch products and impeccable service to its clients.

We believe that a young, talented and motivated workforce guided by the core belief that "what's best for our clients is best for us too", provides the ideal foundation for the company. A customer-led development philosophy combines technological prowess with real-world business insight to create products and services that best serve our partners' interests and maximize their potential, while ensuring the company's long-term profitability and position as a gaming pioneer.

Playtech's developmental process is driven by its customer success and as a result has always emphasized the use of the most cutting-edge technological innovations available. This in turn has enabled us to provide our licensees with the tools necessary to deliver to their users the best possible solution for their gaming needs.

Who We Are

Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut. Playtech gaming applications - online Casino, Poker, Bingo, Mobile Gaming, Live Gaming, Land-Based Kiosk networks and Fixed-Odds games - are fully intercompatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Founded in 1999, Playtech has over 550 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies.

Playtech is incorporated in the British Virgin Islands. The group's head office is located in the Isle of Man. Its main countries of operation consist of Estonia, Bulgaria, the Philippines and Israel.

In March 2006 the company floated on London’s Alternative Investment Market (AIM) making it the world’s largest publicly traded online gaming software supplier. Investor interest in the IPO on both sides of the Atlantic was a clear endorsement of the company’s product offering, business model, client base and future prospects.

The success of Playtech’s initial offering - Online Casino systems - led it to expand its range of products and platforms to include Poker, Bingo, Mobile Gaming, Fixed-Odds Games, Live Gaming and Land-Based Kiosk Networks. Playtech's unified platform gives added-value by allowing operators to market different products to different player types while enabling the players to login and fund several gaming activities using a single username-password combination, without needing to open new accounts or repeatedly register the same credit card for each activity.

A unique selection of games has been specially designed by Playtech to reflect the gaming habits and cultural nuances of players from around the world, including a range of progressive jackpot games featuring big prize money and interactive, animated bonus stages. Players can choose between online RNG games or Live videostreamed gaming, where they play opposite live dealers who they can see, chat with and even tip in real-time. Mobile gaming allows for real money online play via mobile devices while land-based kiosk systems, featuring sleek multimedia terminals and a brandable PrePaid Card payment system, are also available.

All Playtech’s products support multiple currencies and are available in several European and Asian languages, all expertly translated by native gaming enthusiasts using local gambling parlance.

The Playtech gaming platform can be fully integrated with other existing software systems. Operators can either migrate their entire player database, with all essential user account information remaining intact, or can run their existing software in tandem with the Playtech system, using a number of proprietary mechanisms that preserve database homogeneity and dual-system synchronization.

Playtech works closely with clients to identify the optimum business solution for their operation. Operators can choose to license the gaming software on its own and handle all day-to-day aspects of the business in-house, or can outsource certain services – like hardware supply and maintenance, hosting, technical assistance and 24*7 customer support – to Playtech’s affiliated third-party providers. Whatever business model the operator chooses can be easily modified to match their future needs.

Playtech’s clients include successful online operators who migrated their systems to the Playtech platform like bet365, well-known brand name casinos like Casino Tropez and Club Dice Casino and organizations with deep land-based roots. Playtech’s current focus is on Europe and Asia; in the UK, the company has strengthened its foothold in the blossoming sportsbook industry with such household names as The Tote and Betfred.

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