Playtech Casinos

Playtech

Playtech is a casino gaming company based in the Isle of Man and whom until Amaya purchased PokerStars and FullTiltPoker in July 2014, were regarded as the leading company in the world of online gaming, thanks to the company’s wide range of titles, and the extensive iPoker network which it runs. The company was founded in 1999, and in 2013 posted a revenue of €367.2 million and a net income of €488.8 million.

Playtech History

The company was founded in 1999 by Teddy Sagi and a small group of entrepreneurs in Tartu, Estonia. In 2001 Playtech acquired its first Casino licensee, and began to develop software games and networks for casino games, poker and bingo.

Playtech was floated on the London Stock Exchange in early 2006, valued at approximately £550 million. Like most online gambling companies it suffered greatly when the Unlawful Internet Gambling Enforcement Act was passed in 2006, which wiped 40 percent off the value of Playtech shares in a single day. By then Playtech has begun to move into other markets, having opened offices in Bulgaria, Italy, Spain and Serbia, concentrating on regulated markets unless their competitors who largely focused on unregulated markers such as the UK.

In 2008 Playtech announced they had purchased assets from their founder for $250 million, then in March 2011 Playtech bought PT Turnkey Services off Sagi for another $125 million.

Playtech went on something of a spending spree in 2010 when it purchased several companies with the aim of expanding its markets. These included the top games aggregator GTS, the largest bingo provider in the UK Virtue Fusion, the leading gambling games creator Ash Gaming, the affiliate marketing specialists PTTS, and the top management systems provider Intelligent Gaming.

In July 2013 Playtech bought PokerStrategy.com, one of the world’s largest poker communities with over 7 million registered members, for just under $50 million from Holdings Ltd.

Playtech Today

Today Playtech can offer over 500 superb casino games, including all the typical table games and many of the most popular online slots games as well, including Rock ‘n’ Roller, Top Trumps Football Legends, Frankie Dettori’s Magic Seven and X-Men. Playtech games are noted for their simplicity and often serve as the entry level for people not familiar with the concept of online slots in particular. The company strives to release 50 new titles each year, and has signed licensing agreements with HBO, Marvel, NBC Universal and MGM to create and release titles with familiar themes, such as Iron Man and the Sopranos.

The iPoker network, which was created by casino game designer Geoff Hall, is unrivalled as the largest poker skins network on the internet. When you play on the iPoker network you are in fact playing with many thousands of poker players across different gambling portals. Poker rooms that are part of the iPoker network include William Hill, Betfair, Ladbrokes, Bet365, Paddy Power, Coral, Betfred, Gala Casino and Titan Poker.

Playtech employs around 3,500 people all across Europe, with offices in the UK and other European countries including Bulgaria, Germany and Sweden. Playtech also has an office in the Philippines.

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