February 21, 2017 11:52 AM ET


Company Overview of Playtech plc

Company Overview

Playtech plc, together with its subsidiaries, engages in the development and licensing of software products for the online and land-based gambling industries. Its gaming applications comprise online casino, poker and other P2P games, bingo, mobile, live gaming, land based terminal, and fixed-odds games. The company offers information management solutions for online gaming; technology for casino games; enhanced gaming engine platform that provides content for various games; Mobile Hub, an application for mobile devices; sports betting software; poker products that are deployed on the iPoker network; live and TV gaming; online bingo games; solutions and tools for lottery operators; Videobet, a...

St George’s Court

Ground Floor

Upper Church Street

Douglas,  IM1 1EE

Isle of Man

Founded in 1999

5,000 Employees

Key Executives for Playtech plc

Chief Executive Officer and Executive Director
Age: 40
Total Annual Compensation: €2.1M
Chief Executive Officer of Financials Division
Age: 39
Total Annual Compensation: €1.1M
Compensation as of Fiscal Year 2015.

Playtech plc Key Developments

Playtech Signs Three-Year Agreement with OPAP for the Supply of Self-Service Betting Terminals

Playtech announced that it has signed a three-year agreement with OPAP for the supply of self-service betting terminals ("SSBTs"), relevant software and services, as well as the subsequent introduction of an Over-the-Counter (OTC) sports betting solution. Under the agreement, Playtech BGT Sports ("PBS") will supply software and services for a combination of full-sized SSBTs, as well as the recently launched compact SSBTs, with the initial roll-out of machines commencing in 2017 followed by the rollout of an OTC solution in 2018. PBS will provide a fully-managed service to OPAP including trading and over 25,000 in-play markets.

Playtech plc Announces Directorate Change

The board of Playtech plc announced that Ron Hoffman will move from his position as Chief Financial Officer to become full-time Chief Executive Officer of Playtech's Financials division and will step down from the board immediately. Andrew Smith, currently Head of Investor Relations, succeeds Ron Hoffman as Playtech's Chief Financial Officer and will join the Board as an Executive Director with immediate effect. James Newman will be joining the Company to replace Andrew as Head of Investor Relations. James is a capital markets communications specialist with over eight years' experience advising listed companies in investor and media relations.

Playtech Appoints Armin Sageder as CEO of Playtech BGT Sports

Playtech announced that BGT founder Dr. Armin Sageder has been appointed CEO of Playtech BGT Sports. The new division brings together Playtech Sports companies BGT, Geneity, Mobenga, Unilogic and Playtech's internal Sports Trading team and contains more than 600 employees based in Nicosia, Malmö, Vienna, London, Bremen and Sofia. Headquartered in Cyprus, Armin will assume responsibility for all of Playtech BGT Sports' business and customer relations and establish and lead a team to manage the division. He will report to Mor Weizer, CEO, Playtech.

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