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Playtech Ltd. ( ) is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, mobile gaming and fixed-odds arcade games online.

Playtech gaming software and casinos

Playtech's gaming software has been certified by BMM International, an Accredited Testing Facility and principal consultants to major gaming and wagering regulatory bodies, manufacturers, casinos and gambling operators throughout United States, Europe and Asia.

Some of the notable companies using Playtech software include GoldenPalace.com, Betfred, Centrebet, ToteSport, Bet365, VCPoker, Titan Poker, Mansion Poker. Other key Playtech casino brands include Casino Plex, Poker Plex,Casino Tropez, Europa Casino, City Club Casino, Jet Casino, Prestige Casino, Crown Europe Casino and SEGACasino.

Playtech bingo

Playtech software also powers a number of bingo sites. Most sites are 'Network Members' of the Bingoland network, which is similar to a network of online poker rooms: the participating sites have shared jackpots, games, chat and backend, and are also listed together at the Bingoland site, with each online bingo site offering slightly different graphics and websites to differentiate them.

Playtech poker

Playtech software is not only one of the leading providers of online casino and bingo game software, but their software also powers a network of online poker room. This network of poker rooms, called iPoker, share the same software and backend, but each online poker site provides a unique look and feel and brand to the actual playing experience.

Playtech is developing gaming software for the Manchester United poker website. An agreement was signed between the UK betting company Betfrigid and Manchester United to initiate and develop the Man Utd branded gaming site. The deal will last at least for three years.

Investor information

Playtech was founded in 1999 by Teddy Sagi who realized $295m from the IPO of Playtech. The United Kingdommarker based company floated early in 2006 on the London Stock Exchange under the symbol PTEC for approximately £550m at a flotation price of 257p. The company's current CEO is Mor Weizer.

After the passage of the SAFE Port Act the company's stock suffered a one-day fall of over 40%. It subsequently recovered the losses to stand at near its 52-week peak in February 2007. The firm has excluded all US players from its properties.

Playtech employs over 700 people in multiple countries.

On October 22, 2008 Playtech announced that it would acquire private assets from Teddy Sagi in return for $245m. This would be the second liquidity event for Sagi from Playtech totaling his proceeds to $540m in cash. Sagi also controls 41% of Playtech through his investment vehicle Brickington.

Playtech will also be developing technology for the SEGA Gaming online casino which was recently approved a gaming license from Alderney Gambling Control Commission.

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