|By PR Newswire||
|December 20, 2013 06:29 AM EST||
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.
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."
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.
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.
For further information contact:
Olympic Entertainment Group Ltd
Madis Jääger, Chief Executive Officer
Kaido Ulejev, Head of OlyBet
Mor Weizer, Chief Executive Officer
Ron Hoffman, Chief Financial Officer
c/o Pelham Bell Pottinger
Adam Kay, Head of Investor Relations
Pelham Bell Pottinger
David Rydell / Olly Scott / Guy Scarborough