LONDON, December 20, 2013 /PRNewswire/ --
Playtech, the international designer, developer and licensor of
software and services for the online, mobile, TV and land-based
gaming industry, is pleased to announce the successful launch of
its casino product with Olympic Entertainment Group's (OEG) new
brand, OlyBet.
(Logo:
http://photos.prnewswire.com/prnh/20120515/531552 )
OEG is a leading gambling and entertainment service provider and
a long term licensee of Playtech. This launch strengthens the
relationship between the two companies as OEG expands its
operations into Estonia and
Latvia with its new brand OlyBet
with Playtech as their exclusive casino provider. To maximise value
from the penetration of these two new markets OEG has chosen once
again to rely on Playtech's expertise and global credentials in
meeting regulatory requirements.
Kaido Ulejev, Head of OlyBet, said, "With the help of Playtech,
we are launching something truly unique to support our
landbased casino and sports bar operations, as OlyBet provides
the region's greatest selection of online casino games,
delightful poker interface, the best selection of events and
the most favourable odds for sports betting."
Shay Segev, Playtech's COO,
commented, "Playtech is thrilled to take part in OlyBet's launch
and is delighted about the opportunity to enter new regulated
markets. We are honoured OlyBet has chosen Playtech as their
exclusive casino provider and are confident that our offering in
the casino space will allows OlyBet to reach its goals and revenue
targets."
About OlyBet
Olympic Entertainment Group (OEG), operating its online gaming
operations and a network of sports bars under the OlyBet brand, is
the largest provider of casino entertainment in the region,
employing more than 2,500 people. OlyBet offers the largest number
of events and the best odds in the region's sports betting
market. OEG is a full member of the European Casino
Association (ECA). Today, the Group operates land based casinos in
Estonia, Latvia, Lithuania, Poland, Slovakia, Belarus and Italy. OEG shares are traded on the main
list of Tallinn Stock Exchange and the Warsaw Stock Exchange. All
casino operators of Olympic Entertainment Group are responsible
enterprises that notify their clients of the dangers associated
with gambling.
About Playtech
Playtech develops unified software platforms and content for the
online and land-based gaming industry, together with providing a
range of ancillary services such as marketing, hosting and CRM
services.
The Group's capabilities enable the delivery of an
integrated software or turnkey solution, with players accessing
online, broadcast, mobile and server-based gaming terminals through
a single account.
New licensees include existing online operators upgrading
or diversifying their offering, land-based casino groups,
government sponsored entities such as lotteries, and new entrants
making their online gaming debut, particularly in newly-regulated
markets.
Founded in 1999, Playtech is listed on the London Stock
Exchange and has over 3,000 employees located in eleven countries.
Its leading gaming applications include casino, poker, bingo,
sports betting, live, mobile and social gaming, casual and fixed
odds games.
www.playtech.com
For further information contact:
Olympic Entertainment Group Ltd
Madis Jääger, Chief Executive Officer
Kaido Ulejev, Head of OlyBet
+372-6-671-250
Playtech Ltd
Mor Weizer, Chief Executive
Officer
Ron Hoffman, Chief Financial
Officer
c/o Pelham Bell Pottinger
+44(0)20-7861-3232
Adam Kay, Head of Investor
Relations
+44(0)1624-645954
Pelham Bell Pottinger
David Rydell / Olly Scott / Guy
Scarborough
+44(0)20-7861-3232