Isle of Man-based Playtech is upping its US expansion through partnerships with companies owned by Greenwood Racing, the parent company of Parx Casino.
Mor Weizer, Playtech CEO, said:
“This strategic partnership with the Greenwood companies represents a major milestone for Playtech and I’m excited to work with them to help achieve their growth plans in the coming years.
“The US is a highly strategic market and this multi-state, multi-product agreement highlights the demand for the full breadth of our product offering. This is the next step for Playtech in the US and we are delighted to work with the Greenwood companies to capture this exciting long-term opportunity.”
PA, Michigan, Indiana, New Jersey expansion planned for Playtech
The agreements announced via the London Stock Exchange news service will license the company’s products across Pennsylvania, Michigan, and Indiana.
The launch begins with an online casino in Michigan on Playtech’s IMS Platform and Player Account Management.
Greenwood has also announced plans to launch an online offering in Indiana.
Moving from GAN
The company is already in New Jersey via bet365 and also with Entain and now Playtech plans further expansion in the Garden State.
As a consequence of the new partnerships, Parx plans to migrate its current online gambling offering from GAN to Playtech.
Israeli tech and property billionaire Teddy Sagi founded Playtech in 1999. He has since exited the company, selling his holdings.
The London Stock Exchange’s Main Market premium listed the company in 2012. The company has about 6,400 employees across 24 countries.
The business is considered a technology leader in the gambling and financial trading industries. It is also an established leader in poker tech.
Playtech delivers business intelligence-driven gambling software, services, content, and platform technology.
Product verticals include casino, live casino, sports betting, virtual sports betting, bingo, and poker. The omnichannel gambling technology comes through its integrated platform, Playtech ONE.
The platform delivers data-driven marketing expertise, single wallet functionality, customer relationship management, and responsible gambling solutions across retail and online.