Playtech
 |
|
| Public | |
| Traded as | : |
| Industry | Software |
| Founded | 1999 |
| Headquarters | Douglas, Isle of Man |
|
Key people
|
Alan Jackson, (Chairman) Mor Weizer, (CEO) |
| Products | Online gaming and casinos software and associated services |
| Revenue | € 708.6 million (2016) |
| € 213.5 million (2016) | |
| € 194.0 million (2016) | |
|
Number of employees
|
5,254 (2016) |
| Website | www.playtech.com |
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the and is a constituent of the FTSE 250 Index.
Playtech was founded in 1999 by Teddy Sagi in Tartu, Estonia, with partners from the casino, software engineering and multimedia industries. Playtech launched its first casino product in 2001, and since then it has grown to become the world’s leading and largest international designer, developer and licensor of web and mobile application software to the digital gaming industry, whose customers are most of the blue chip companies in this industry (William Hill, Ladbrokes, Bet365 in the UK, Snai and Sisal in Italy, etc.), as well as governments and regulated agencies.; In March 2006, Playtech was floated successfully on the AIM market at a valuation of approximately US$ 950 million (approximately £550 million).
After the passage of the Unlawful Internet Gambling Enforcement Act of 2006, the company's stock suffered a one-day fall of over 40%. On 22 October 2008, Playtech announced that it would acquire private assets from Teddy Sagi in return for $250 million. Then in March 2011, Playtech bought PT Turnkey Services from Teddy Sagi for £125m. On July 2013, Playtech acquired PokerStrategy.com, one of the largest poker communities in the world with almost 7 million members, from etruvian Holdings Ltd for $49.2 million. In September 2014, Playtech announced the acquisition of Aristocrat Lotteries from , in a EUR €10.5 million deal.
In January 2015, many Playtech-powered casino sites announced they were leaving the German market. In February 2015 it was announced that Playtech acquired YoYo Games, the maker of GameMaker: Studio game development software, for £10.65 million (USD$16.4 million). It was revealed in June 2015 that Playtech would acquire the online foreign exchange trader Plus500 for a fee of $699 million. This planned deal was terminated in November 2015.
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