Playtech has signed a “major” deal that will see it play a role in the Netherlands’ soon-to-be-launched online gambling market.
The software giant is to expand its work with Dutch state-owned Holland Casino, which has the legal monopoly on the country’s physical gambling space and is set to launch online with betting and gaming products in October.
The FTSE 250 firm, founded by Israeli tech and property billionaire Teddy Sagi back in 1999, said it has “expanded long-term strategic software and services agreement with Holland Casino” and that the move is “a significant strategic step for Playtech and builds on its track record of developing newly regulated online markets”.
As part of the deal, Playtech will build a Live Casino facility next to Holland Casino’s existing locations.
It comes as Playtech, which floated in 2006