From its humble beginnings to becoming one of the world’s best online gambling software development companies, Playtech is without doubt a highly experienced, reputable and trustworthy company in the virtual gambling industry. It moved onto the online gambling world soon after the introduction of the Internet and slowly but steadily started climbing its way up.
Nowadays the company has over 3,600 employees working across development centers in 12 different countries. Most of them are engaged in the research and creation of current and future game technologies. The company’s reputation and track record is simply impeccable.
On this page you are going to familiarize with the company and its milestones including its acquisitions. You will also read more about Playtech corporate structure and business focus. Read on to find out more.
Playtech company overview
The company was founded in 1999 in Tartu Estonia by representatives from casino, software and multimedia industries. In 2001 it powered its first online casino and it hasn’t stopped since. The company spread to cover other online gambling departments as well such as bingo, poker and sports betting among others.
A couple of years later the company was listed on the London AIM and soon afterwards it expanded to Bulgaria. The same year Playtech entered other regulated markets including Spain, Italy, Serbia and Estonia. In 2010, it acquired many companies in order to become the leading provider for gaming solutions across multiple channels.
Some of them included UK’s biggest bingo provider Virtue Fusion, the acquisition of Ash Gaming, an online casino game developer and Mobenga, a leader in facilitating mobile gaming. Two years later the company made it on the London Stock Exchange main market and expanded further in the sports betting and poker markets.
Today Playtech is one of the biggest suppliers of online gambling software in the world. The main actors for its excellent reputation are its innovative thinking and unique cross platform solution which enables players to play high quality games across all platforms via one single account.
Company Structure and Business Focus
The board of directors at the company is comprised of five people: Chairman Alan Jackson, non executive director Hilary Stewart Jones, chief executive officer Mor Weizer, chief financial officer Ron Hoffman and senior non executive director Andrew Thomas. The name of the founder is Teddy Sagi. They all have years of experience in the industry and do their job with excellence.
The company is committed to quality and innovation and offers its partners high quality and thrilling game content and services across all gaming platforms. Its vision is to remove the barrier of technology and help its partners, while at the same time, keep them at the forefront of innovation. The key focus of the company’s team is developing and maturing their partnerships.
Underlying Group Companies
What follows are the underlying companies that are part of Playtech’s bigger picture:
The following is a list of some of Playtech’s important milestones over the years:
- 1999 - The year the company was founded. It was headquartered in the Isle of Man.
- 2001 - It powered its first online casino.
- 2006 - The company’s shares were successfully listed on the London AIM and it officially became a public company. The same year it expanded and opened offices in Bulgaria as well as entered other regulated markets.
- 2010 - It acquired many companies such as Virtue Fusion, GTS, Mobenga, Ash Gaming, PTTS and Intelligence Gaming.
- 2012 - The company was listed on the London’s Stock Exchange Main Market (code: LON: PTEC).
As already mentioned, the company has acquired many other companies under its belt in order to expand to other online gambling markets and boost its products and services. One such acquisition is the deal with Ash Gaming. This best-of-breed gambling games creator is now working with Playtech and continues to do what it does- creating the best gambling games online and introducing new ideas and concepts.
The company also acquired Aristocrat Lotteries, an excellent supplier of server based gaming and solutions for interactive video terminals in Italy as well as in Norway. The deal put Playtech’s brick and mortar operation as one of the best suppliers of VLT systems in Latin America and certain European countries enabling its expansion to other markets. The deal also enabled the company to repeat its success in the United Kingdom with its Videobet solution.