Playtech Signs Lucrative Deal with Scientific Games Corporation - 01-23-10

January 23 - An exciting joint venture was created between two gambling giants, Playtech software provider and the New York based Scientific Games Corporation.

The venture, which was announced on Thursday in a joint statement by the two companies, will see Playtech combine its quality B2B internet gaming software and content with Scientific Game's gaming solutions that have the blessing of the US government.

Customers will enjoy a full suite of games that include bingo, casino and poker, with a full range of support and payment services.

"This is an important step for both companies," said Mike Chambrello, Chief Executive Officer of Scientific Games, and Mor Weizer, CEO of Playtech. "We have highly complementary skill sets allied with a global reach and this partnership provides the opportunity to leverage off this combined know how to maximum effect."

The two said this was "an ideal partnership" in many ways. "Customers will benefit from best of breed content, sophisticated player management systems, and long standing industry experience in providing highly secure, regulated, compliance-oriented services," they said.

It is believed that Playtech will benefit greatly from this new deal as it brings the group closer to the US gambling market and places it in an excellent position when the industry becomes legalized and regulated.

"This is a strategically significant alliance for Playtech which enables us to focus on what we do best: developing cutting edge technology platforms and exciting games content," said Weizer. "This partnership is another example of our focus on regulated markets, where governments will play major roles as both regulators and operators."

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