Playtech, leading software provider has announced the opening of new partnership in online gambling sector for coming future. First, Playtech will cover the gambling market of Germany. For this, Playtech has gone for approximately 50% of joint venture with one of the Brick and Mortal casino operators as Gauselmann and with the owner of gaming brand of Merkur. This joint venture will offer the products and services of casino gaming and sports betting. However, the products and service offerings will be solely based on German online gambling regulation.
Second, Playtech has gone for equal partnership with casino operator of Peermont, to enter into South African gambling market. Third, Playtech has acquired Geneity, developer of UK based sports book for initial £11 million cash consideration. Lastly, the press release of Playtech software has also addressed the rumors of problems with its joint venture of Scientific Games.