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.