Playtech Regulatory News (PTEC)

Playtech plc 

('Playtech' or the 'Company')

Playtech partners with MGM Resorts International for Live Casino

Playtech (LSE: PTEC), the leading platform, content and services provider in the online gambling industry, is pleased to announce a new strategic partnership with MGM Resorts International ("MGM Resorts") to produce proprietary, live casino content directly from the gaming floor at two of their resorts on the Las Vegas Strip.

Playtech, as the technology partner of MGM Resorts, will be providing players with on-demand, online access to immersive entertainment experiences directly from Bellagio and MGM Grand. Live casino content, branded as "MGM Live", will be licensed to operators for end-user play in regulated markets throughout the world outside the United States. Both brands look forward to working with operators to support and promote a safe gambling experience.

The initial live casino offering will include single and double-zero roulette and baccarat games streamed live from the casino floors at both MGM Grand and Bellagio Resort & Casino in Las Vegas, and allow online players to simultaneously participate in the same game as players at the physical game table on the casino floor.

Future phases of the partnership will expand our offering to include access to several proprietary Playtech games as well as exclusive branded TV game shows, celebrity-hosted trivia shows, and immersive entertainment experiences.

Mor Weizer, Chief Executive Officer at Playtech, said:

"This partnership combines the strength of MGM Resorts' global prestige with Playtech's extensive international market knowledge and innovative games. As a leading technology provider in regulated markets, we're delighted to collaborate with MGM Resorts to develop the MGM Live brand, offering an innovative live dealer experience. Together we are pioneering a new live entertainment category and product offering for players in regulated territories around the world."

Bill Hornbuckle, Chief Executive Officer & President of MGM Resorts, said:

"This agreement with Playtech represents an important step toward fulfilling MGM Resorts' vision of delivering our unparalleled entertainment, sports and gaming experiences to people the world over. We believe the content, celebrity talent and sophisticated gaming experience we offer will be unmatched in the industry."

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About Playtech 

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,700 employees across 19 countries.

Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy.