Since its establishment in 1999, the developer has looked to provide online operators with the most cutting edge Playtech games. It now holds 140 global licenses and is regulated in 20 jurisdictions. You’ll also find Playtech listed on the London Stock Exchange with its headquarters based in the Isle of Man.
In the Beginning
It started as the brainchild of Israeli born, Teddy Sagi, who envisioned a casino software that outshined any competitor. Its biggest attraction was its comprehensive reporting software and its robust back-end development. It gave online operators the chance to learn about their customers in more detail, increasing their profitability.
In 2001, it entered the fray, showcasing fantastic Playtech games at industry trade shows. Then, in 2002, Playtech took the first European land-based casino online, cementing its place as a leading software developer.
The Brick Wall
The developer’s success ran into a major roadblock in 2006 after the US government passed regulations against online gambling. The Unlawful Internet Gambling Enforcement Act made its operation illegal, forcing Playtech to leave the US market.
Building Back Up
The developer held on, and while it lost its US revenue stream, it continued to lead the gaming industry globally. In 2010, it purchased bingo provider Virtue and increased its selection of Playtech games.
In 2015, Playtech announced its acquisition of Plus 500. It tried to buy the forex trading platform for just over $600 million, but the deal fell through. However, this didn’t stop Playtech from entering the financial market, and it purchased the trading platform, Alpha, in 2017.
General info about PlayTech
General info about PlayTech
📅 Founded |
1999 |
🏠 Headquarters |
Playtech plc, Ground Floor, St George’s Court, Upper Church Street, Douglas, Isle of Man, IM1 1EE |
🤵 Key People (CEO) |
Mor Weizer |
🎰 Types of games |
slots, blackjack, poker, baccarat, red dog, roulette, scratch cards, craps, live games |
🔢 Average number of games |
300+ |
🧑🤝🧑 Number of employees |
~6,000 |
📌 Website |
www.playtech.com |