Playtech PLC Agreement with OPAP (7864V)

TIDMPTEC

RNS Number : 7864V

Playtech PLC

01 February 2017

Playtech plc

("Playtech" or the "Playtech Group")

Agreement with OPAP

Playtech (LSE: PTEC) today announces that it has signed a three-year agreement with OPAP, the leading Greek betting and lottery operator, for the supply of self-service betting terminals ("SSBTs"), relevant software and services, as well as the subsequent introduction of an Over-the-Counter (OTC) sports betting solution.

Under the agreement, Playtech BGT Sports ("PBS") will supply software and services for a combination of full-sized SSBTs, as well as the recently launched compact SSBTs, with the initial roll-out of machines commencing in 2017 followed by the rollout of an OTC solution in 2018. PBS will provide a fully-managed service to OPAP including trading and over 25,000 in-play markets.

Dr. Armin Sageder, Chief Executive Officer of Playtech BGT Sports, said:

"The agreement with OPAP is a milestone for Playtech BGT Sports and we are proud to be supplying such an important lottery supplier with our solutions. There are multiple opportunities to further develop our relationship as OPAP looks to enhance its digital retail offering and we believe today's agreement marks the start of a long and successful relationship."

Commenting on this agreement OPAP Chief Executive Officer, Damian Cope said:

"We are pleased to be cooperating with Playtech and we are looking forward to leveraging their in-depth expertise, as part of this new venture. The introduction of SSBTs is aligned with our strategic priority to build a world-class portfolio of products and services for OPAP. Our cooperation with Playtech will contribute to the considerable improvement of our retail sports-betting offering and the enhancement of our customers' experience."

- Ends -

For further information, contact:

   Playtech plc                                                     [phone] 

Mor Weizer, Chief Executive Officer

Andrew Smith, Chief Financial Officer

c/o Bell Pottinger

   James Newman, Head of Investor Relations          [phone] 
   Bell Pottinger                                                  [phone] 

David Rydell / Olly Scott

About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange (LEI code: 21380068TTB6Z9ZEU548), Playtech has more than 5,000 employees in 13 countries.

Playtech is the gambling industry's leading software and services supplier with more than 130 licensees globally, including many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution.

Playtech BGT Sports ("PBS") is Playtech's sports betting division, headquartered in Nicosia with more than 600 employees across 6 different business centres. PBS is the provider of the market leading Self Service Betting Terminals product with over 26,000 terminals supplied to retail operators in the UK and internationally as well as digital sports betting platforms and user interfaces to many major online licensees.

Playtech's Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

www.playtech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 01, 2017 10:50 ET (15:50 GMT)