Playtech Cyprus Ltd. is a gaming software development company founded in 1999 by Teddy Sagi. Incorporated in the British Virgin Islands, the software company provides software platforms for online gambling sites - online casinos, live casino games that can be played online with live casino dealers, online poker rooms, online bingo games, and online fixed-odds arcade and skill games and now mobile gaming and land-based Kiosk networks.
After the implementation of the SAFE Port Act in late 2006, the company's stock suffered a one-day fall of over 40%. The software giant subsequently recovered its losses by February 2007. PlayTech casinos and gaming sites all do not accept US players as a result of the new US gambling law.
Playtech designs, develops and deploys unified gaming platforms for the online gaming and gamblingindustry that allows their online gambling activities to be freely incorporated, accessed and managed as stand-alone, plug-and-play applications.
Over 80 of the best games available on the net: Video Poker, Blackjack, Progressive Slot, Jackpots, Video Slots, Multi-line slots, Single-line slots, Caribbean Poker, Craps, Roulette, Baccarat, Keno,
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Card and table games, bonus games, live dealer games, Asian games, arcade games, slot games, video poker and 17 progressive jackpot games including Queen of Pyramid, Genie's HiLo, Jackpot Darts and Dollar Ball.
Playtech introduced real-time game and transaction histories, VIP rating and a comp points scheme, fraud prevention and player retention tools. Live human dealers and progressive games featuring interactive, animated bonus stages and real-time, online contact between players and customer service personnel are included in their resume of developments.
Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut. Playtech gaming applications — online casino, poker, bingo, mobile gaming, live gaming, land-based kiosk networks and fixed-odds games — are fully intercompatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Playtech now has over 550 personnel distributed globally, around eighty percent of whom are engaged in research and development of current and future gaming technologies.
All Playtech’s products support multiple currencies and are available in several European and Asian languages, all expertly translated by native gaming enthusiasts using local gambling jargon.
The Playtech gaming platform can be fully integrated with other existing software systems. Operators can either migrate their entire player database, with all essential user account information remaining intact, or can run their existing software in tandem with the Playtech system, using a number of proprietary mechanisms that preserve database homogeneity and dual-system synchronization.
Playtech's gaming software is certified by BMM International, an Accredited Testing Facility and principal consultants to major gaming and wagering regulatory bodies, manufacturers, casinos and gambling operators throughout United States, Europe and Asia.
Playtech software is not only one of the leading providers of online casino and bingo game software, but their software also powers a network of online poker rooms. This network of poker rooms, called iPoker, share the same software and backend, but each online poker site provides a unique look and feel and brand to the actual playing experience.
Playtech is developing gaming software for the Manchester United poker website. An agreement was signed between the UK betting company Betfred and Manchester United to initiate and develop the Man United branded gaming site.↑ The deal will last at least for three years.
Each PlayTech iPoker licensee (gaming web site) offers a range of network-wide promotional services and features, many card rooms include:
Jackpot sit'n'go tournaments
A wide range of real money and play for fun tables
Play for Fun only clients
Tournaments by request
Large variety of player sit'n'go tournaments
The iPoker product features a flexible point system used to reward loyal players which are designed to fit the needs and theme of any online gaming operation with a player rewards point system.
Playtech is a publicly traded company based in the United Kingdom. The company's current CEO is Avigur Zmora, and it trades on the London Stock Exchange under the symbol PTEC.