Review of Playtech

April 2, 2018 Posted in News, Software by No Comments
Playtech: An Online Gambling Software Conglomerate

About

In 1999, Playtech was founded by Teddy Sagi in Tartu Estonia along with co-founders from the casino, intermedia corporations, and software engineering. It is a gambling software creating a company. By launching the first casino project in 2001, the company advances its business into being one of the largest casino content suppliers. Moreover, Playtech took licensing, developing, and designing aspects into their own hands and created a well-recognized international platform.

Partnership agreements with corporate agencies aided the company in the mission to evolve even further. Players wanting to know more about Playtech and its products and business can learn a lot by continuing to read this article.

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Traded on the London Stock Exchange Main Market, they offer a cutting edge problem-solving the answer to the markets leading operatives; Playtech is the globe’s largest online gaming software seller. Since the founding of Playtech in 1999, its focus has been the ongoing development of the best of the best online gaming products. Also, some of their success was built on unwavering partnerships with their licensees.

Playtech employs 5,000 employees and operates in 17 different countries. They also have 140 global licensees and have 20 regulated jurisdictions.
Furthermore, playtech’s vast array of products can be completely combined into a total cross-platform offering. Allowing players to gain access to online, mobile, broadcast, and server-based gaming terminals all while using the same account.

The cross-platform ability works by a consolidated information management system called IMS, which allows operators to utilize the tools to gain the most cross-selling junctures, player loyalty, and also the yield. The turnkey operational service pack envelops an extensive range of industry-leading tools and services, designed to enhance the output of any gaming set up.

Playtech is devoted to bringing their partners the best of breed gaming inventions and benefits that span over all platforms. They aim to remove the annoying technology roadblock for their customers and keep them firmly seated on the cusp of innovation.

Playtech offers customizable platforms and content to its partners, who can later use this technology to improve the existing games and business. They gain vision and wisdom on how to convey the best technology in the market by working with, listening to, and communicating with their long abiding partners that include many of the world’s biggest and household names in the online gaming industry. Constructing, developing, and maintaining those important relationships are the main focal points for their company.

The efficiency and convenience that Playtech products carry help the company partner up with some of the best operators and providers worldwide. Playtech attained an organic revenue growth of 13% in 2016, leaps and bounds ahead of the worldwide industry.

Playtech’s industry-leading IMS and BI management systems enable licensees to build up their customer service, journey, and most importantly, cross-marketing ability, like Ladbrokes Coral Group and Paddy Power Betfair. Also, by partnering up with their licensees, they can support them in going into new products and new global markets. Therefore, the value of Playtech’s industry-leading contributions is present in the continual propulsion of bringing in new licensees each year.

They have a monumental track record of bringing in 5 to 10 new licensees each year, drawn in by their unique Omni-channel offering and the traits of their software and technology. Their outlook on things is to offer all product types over all the different distribution channels. Playtech devotes itself to expand its list of available products to help its licensees with new technologies, pathways to sell, and the products.

A strategic focal point for Playtech is the ongoing growth of its regulated revenue. This has been steadily growing over the last few years and in 2016, the capacity of regulated revenues the Group level remained at 42%. They also put in to motion Sun Bingo and made the new Playtech BGT Sports division which should start to see returns in 2017.

Getting into new products, exciting content, and new technologies, Playtech has a phenomenal record in an acquisition. A lot of companies have been gained through an earn-out basis, which allows Playtech to bolster its already existing business and licensee pool to make strong symbiotic relationships. They still plan on making similar acquisitions in the future. Once the Unlawful Internet Gambling Act of 2006 was passed, Playtech went through a 40% fall in stock. However, from 2008 all the way to September of 2014, the company acquired many things from different sources. They bought up smaller companies and they also employed other private sources as well.

In January of 2015 however, a lot of the Playtech powered casino scenes declared that they were going to be migrating from the German market. From 2015 all the way to today, Playtech has enjoyed only success except for one minor thing back in June of 2015. It had been announced that the deal that had been planned with Plus500 was terminated in November of 2015, but other than that, that was all. During that time, they had done deals with Marvel Comics, Warner Brothers, DC Comics, and a whole bunch more like that.

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Virtue Fusion is the bingo platform that Playtech owns. Acquired in 2010, it was enhanced by the buyout of ECM Systems back in 2016. Playtech’s poker platform is an iPoker. It was created in the United Kingdom by Geoff Hall, a casino game designer and creator of Blackjack Switch. iPoker has about 60 members on its staff, as of right now.

It works by utilizing what is known as a skin-based system, what that means is that every site included in the network has its own skin of the substrate poker network; the layout and design are one and the same across them all. Each site, however, can implement its own color scheme and branding. But, in order to maintain what is needed to operate a successful poker network, all of the skins share the same player consolidation and in April 2014, this network had 30 different skins.

To point out, as far as sports’ betting is concerned, Playtech’s BGT Sports provides outstanding possibilities to players. It's possible because of the 2016 procuration of Best Gaming Technology GmBH. And, was subsequently combined with Playtech’s already existing sports betting business. Also, in 2016, it fueled about 27,000 self- service betting outlets like Paddy Power, Ladbrokes, and OPAP. Playtech also offers lottery, virtual sports, and live dealer games as well.

All in all, Playtech is a highly successful company. Surely, it stands as an industry leader in its particular global market. In addition,  many companies can not get past being confined to just their original country. Therefore, they have proven themselves a successful conglomerate time and time again in many different ways. Likewise, over the years, the ever-growing collection of Playtech video slots for online casinos have spread so much that now players have a hard time deciding on which game to play.

More than 400 games designed with the best efforts from Playtech professionals were developed in the last decade. Among so many titles, it gets rather difficult to decide on the best one to choose from. So, players should go over some of the most popular ones.

Therefore, Matrix and Cinerama have always been at the top list of Playtech’s players. So, Matrix slot carries all the impressive graphics from the movie. And, it makes nostalgic players resemble the characters of this once blockbuster hit.

Not to mention, there is a special base game bonus available. Additionally, it is up by a black cat symbol appearing on the reel 5. Also, two types of free spin bonuses are in offer in the game, one being Agent Smith Free Spins. On the other hand, the other one is Nebuchadnezzar Free Spins. The Cinerama slot is among the oldest slots from Playtech but don’t let that fact discourage you. The slot is still so popular among players nowadays because of its premium progressive jackpot feature.

The RTP on this game is just unprecedented – it goes as high as 98.9%! The Roulette fans also have something to look forward to as Playtech offers its newly-developed premium bet builder option to players.

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Lukas Mollberg

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Lukas is the head author at BestBonus and responsible for all content strategies and what casinos we review. Lukas has a background of playing poker in the early years of the poker boom in Europe. He became an expert within the online gambling and has been working as an author for several websites.

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