Playtech On Board To Power A New Online Casino Platform

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Playtech On Board To Power A New Online Casino Platform ( Click to Enlarge )

Playtech, the London-listed provider of online gaming solutions, has been signed up to develop and launch a new online casino for a Spanish sports betting operator called RETAbet. Playtech are to provide an exclusive casino platform with live casino suite for customers of RETAbet.es, powered by the supplier’s hugely popular IMS platform. This will incorporate all the most popular slot games, as well as casino mainstays like blackjack and roulette.

A Record Of Successful Collaboration

Playtech’s track record is one of working closely with all its licensees, pushing them to the fore in terms of innovation in regulated markets throughout Europe and beyond.

This new deal is reflective of their commitment to partnering with, and investing in, top online gambling brands.

There is growing excitement about the prospect of a new top-quality online casino for the Spanish market through one of its leading sports betting brands.

RETAbet is a major player in the Spanish retail betting sector, with a substantial sales network that exceeds 2,300 points throughout its native country. This includes state-of-the-art self-service terminals in its own betting shops, deluxe corners in lounges, casinos, bingo halls and hospitality venues.

Waiting For The Right Moment

This elite position as a sports betting retailer in Spain means a very profitable growth strategy.

The company has long had a casino product in mind, but they have been waiting for the “optimum timing” to launch, according to RETAbet CEO Xabier Rodriguez-Mariona.

Their proprietary retail solution is one of the best in the market, and they aim to provide clients with a casino product that stands proud alongside everything they have built so far.

Their online and mobile distribution channel is growing at a high rate so it would seem they have picked the perfect moment for this new move.

The Impact On Shares In Playtech

Shares in the supplier Playtech PLC (LSE:PTEC) have been trading up marginally since the announcement of this new venture on 16 May 2019. It’s looking like another strong move on their part, and there could be another exciting new live casino joining the market in the near future.