The company will supply software for the operation of two online casinos.
Playtech Cyprus Ltd. (AIM:PTEC), controlled by Teddi Sagi, announced last week that signed a contract to provide software to ukbetting plc (AIM: UKB) , which focuses on sports betting and is considered to be one of the largest online betting companies in the UK. Ukbetting has a market cap of $113 million.
Under the contract, Playtech will integrate its online casino software in two of ukbetting’s sites, ukbetting.com and totalbet.com. In its announcement, Playtech said that its proprietary integration package had been created to provide added-value to sportsbook operators and their customers. This latest migration brings the total number of Playtech licensees to 44, operating a total of 139 game sites.
Playtech did not disclose the size of the deal with ukbetting in its announcement, but in an interview with “Reuters”, CEO Avigur Zmora said that it was substantial. Playtech’s revenue comes from three different sources: software licensing, royalties from profits of site operators, and technical support to other gaming sites.
source : www.globes.co.il
