Scientific Games Corporation Playtech Partnership Deal
Scientific Games Corporation is a Nasdaq listed New York USA based games developer with the slogan "Delivering Serious Fun" has made a strategic partnership with online gambling software developer Playtech. Scientific Games through its wholly owned subsidiaries, The Global Draw and Games Media, currently operates approximately 18,000 server-based gaming machines throughout the world. Playtech stock soared with the announcement giving new hope to investors who see the advantages in this partnership. The Scientific Games Corporation will jointly develop and market next generation internet and land based gaming products and services to regulated gaming operators in the USA and elsewhere. Scientific Games' global infrastructure and experience includes, years of experience and strong relationships with various state lotteries and an international presence. The company has a global infrastructure and a respected reputation for the delivery of turn key solutions in complex regulated jurisdictions. Playtech's Videobet will develop the next generation software for regulated reporting and management systems for gaming terminals. The upgrading of the existing 13,500 fixed odds betting terminals in the U.K. to the Videobet platform will be a priority for Videobet, making it the leading technology supplier to the UK sector. The CEO of Scientific Games, Mike Chambrello, and Mor Weizer, CEO of Playtech, issued a comment jointly, "This is an important step for both companies. We have highly complementary skill-sets allied with a global reach and this partnership provides the opportunity to leverage off this combined know-how to maximum effect. This is an ideal partnership in many ways. Customers will benefit from best of breed content, sophisticated player management systems, and long-standing industry experience in providing highly secure, regulated, compliance-oriented services." " The related gaming terminal partnership brings the potential for operators to enjoy a technology platform that is seamless, integrated and adaptable both to multiple delivery channels and cross-promotional opportunities."
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