The world’s leading gaming technology company, Playtech, has announced a new licensing agreement with IGT, the global gaming leader.
According to the deal, Playtech can now offer games with features within IGT’s extensive US patent portfolio. IGT has the largest number of slot game feature patents in the United States.
The licensing agreement is a big step in Playtech’s North American after being licensed in New Jersey. Having gone live with the BetMGM gaming network earlier this year, the agreement with IGT is just the beginning of Playtech’s goal to partner with leading gaming companies to increase its distribution capabilities in North America.
The Chief Operating Officer at Playtech, Shimon Akad said, “The licensing agreement with IGT represents yet another big milestone for our presence and growth in North America. Playtech continues to build on the momentum we’ve had over the past few months. We look forward to offering the US more of our market-leading technology and software in what is a rapidly growing market.”
Chief Operating Officer at IGT, Nick Khin, said, “We’re delighted to have reached an agreement providing Playtech with access to the biggest game feature patent portfolio in the country. Working in partnership with Playtech will propel our collective growth and innovation, further validating our significant US portfolio.”
Founded in 1999 and headquartered on the Isle of Man, Playtech is a technology leader in both the financial trading and gambling industries. Furthermore, the company is premium listed on the Main Market of the London Stock Exchange.
As the gambling industry’s leading technology company, Playtech delivers intelligence-driven gambling software, business services, and platform technology and content across the gaming industry’s most popular products, including sports betting, virtual sports, casino, live casino, bingo, and poker. The company pioneered omnichannel gaming technology through its integrated platform Playtech ONE. Playtech ONE delivers to its users’ single wallet functionality, data-driven marketing, and responsible gambling solutions all in a single platform. It works across all products and online and retail applications.
Playtech invests in and partners with the leading brands in regulated gambling markets, delivering data-driven gaming technology across both the online and retail value chain. Playtech provides its B2B technology to the industry’s leading online and retail sports betting operators, land-based and online casinos, and government-sponsored lotteries.
Beginning in June 2018, through the acquisition of Snaitech, Playtech now owns and operates Snai, the leading online and retail gaming and sports betting brand in Italy. Snaitech operates as a B2B2C service provider, allowing franchisees to use Playtech technology in the retail environment while operating Snai online as a B2C business.
Playtech’s Financials Division, named TradeTech Group, is a technology leader in the computational fluid dynamics and financial trading industry, operating both on a B2C and B2B basis.
Playtech has now had a total of 6,400 employees across 24 countries.
About IGT (International Game Technology)
IGT is the leader in gaming globally, delivering entertaining and responsible gambling experiences for players spanning all channels, from lotteries, gaming machines, online casinos, and sports betting. IGT employs approximately 11,000 employees around the world. The company is headquartered in London, but also has major offices in Rome, Las Vegas, Reno, and Providence, Rhode Island.
Delving into its huge portfolio of compelling, innovative content, operational expertise, player insights, and cutting-edge technology, IGT solutions deliver an unparalleled gaming experience that drives growth and while engaging players. IGT has a well-established relationship and a local presence with regulators in more than 100 countries around the globe, creating value by following the highest levels of integrity, service, and responsibility.
BetMGM is a joint venture between MGM Resorts International and GVC Holdings. Since its launch in 2018, BetMGM has quickly grown into a leading online casino and sports betting platform, operating in eleven states by the end of 2020. BetMGM benefits from MGM Resorts’ iconic brand and loyal customer base, as well as GVC’s globally-proven, proprietary technology. The BetMGM platform is uniquely positioned to access a wide customer base through its omnichannel approach, partners, and affiliates.