Playtech
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|
| Type | Public |
|---|---|
| Traded as | LSE: PTEC |
| Industry | Software, |
| Founded | 1999 |
| Headquarters | Douglas, Isle of Man |
| Key people | Roger Withers, (Chairman) Mor Weizer, (CEO) |
| Products | Online gaming and casinos software |
| Revenue | € 317.5m (2012)[1] |
| Operating income | € 136.2m (2012)[1] |
| Net income | € 86.9m (2012)[1] |
| Employees | circa 1,000 (September 2011) |
| Website | www.playtech.com |
Playtech Ltd. is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games,[2] mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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History[edit]
Playtech was founded in 1999 by Teddy Sagi; it was floated early in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.[3]
After the passage of the Unlawful Internet Gambling Enforcement Act of 2006, the company's stock suffered a one-day fall of over 40%.[4]
On 22 October 2008, Playtech announced that it would acquire private assets from Teddy Sagi in return for $250 million.[5] Then in March 2011, Playtech bought PT Turnkey Services from Teddy Sagi for £125m.[5]
Operations[edit]
Playtech employs circa 1,000 people (September 2011) in five countries: 10 in the Isle of Man where the headquarters are located, 123 in the United Kingdom, 171 in Israel, 154 in Bulgaria, 518 in Tartu, Estonia and 180 in Kiev, Ukraine.[6]
iPoker[edit]
iPoker is Playtech's poker platform. It was implemented in the UK by casino game designer Geoff Hall, inventor of Blackjack Switch and currently has more than 60 members of staff.[7]
Notes[edit]
- ^ a b c Preliminary Results 2012
- ^ Euro Partners Adds Scratch Games to its Growing Range of Online Gaming Verticals Online Gambling News, 1 January 2010
- ^ Playtech plans to raise £175m in IPO FT.com, 17 February 2006
- ^ Playtech’s Power Play Poker Update, 18 August 2011
- ^ a b Playtech game plan questioned The Telegraph, 14 April 2011
- ^ Playtech, official site. Accessed 9-5-2011.
- ^ ThePOGG (27th November 2012). "ThePOGG Interviews – Geoff Hall – The creator of Blackjack Switch".
