Playtech signs long-term agreement with GVC

(PRESS RELEASE) -- Playtech plc today announces that it has signed a new long-term agreement with GVC Holdings PLC. Under the agreement, Playtech will provide its leading services and products to all GVC brands, in existing and new markets.

This represents a significant extension in scope and duration to the current arrangements with the group. Through a portfolio of global and local established brands, GVC has one of the largest online gaming businesses in the world. For the first time,many of GVC’s brands will have access to Playtech’s proven suite of content and products. Playtech and GVC have also agreed to work together to integrate Playtech’s products and services onto the GVC platform in order that they can be made available to the MGM-GVC JV, ROAR Digital.

In addition, this partnership will see an extension of the agreement for Playtech BGT Sports to supply Ladbrokes Coral with the software for its suite of self-service betting terminals throughout Great Britain, the Republic of Ireland and Belgium.

Playtech’s expectations for 2019 Adjusted EBITDA, announced on 21 February 2019, remain unchanged.

Mor Weizer (Playtech, CEO) said, “We are pleased to have reached a new agreement with GVC, which expands on the successful partnership we have established with Ladbrokes Coral over the last six years.This is testament to the strength of the Playtech proposition and we look forward to supporting GVC over the coming years.”

Kenneth Alexander (GVC, CEO) said, “We are delighted that we have been able to agree a long-term relationship with Playtech. Even more of our customers will now be able to enjoy content from one of the world’s leading suppliers of high-quality gaming product. At the same time the added flexibility around migration of technology platforms enables us to accelerate the integration of Ladbrokes Coral.”