Mobile gambling is the Future for Playtech
Sep 3, 2013
New Investments in mobile gambling for software company Playtech
The software giant Playtech has announced a huge new investment plan aimed at expanding its mobile offerings. As mobile casinos continue to gain headway in the rich European markets, Playtech has been preparing to spend a massive $800 million on acquisitions, all aimed at increasing its presence in the mobile market.
With their new focus on mobile casino software, Playtech are surely due to make more waves in a sector they have been proving successful in already.
Coming on the back of their sale of a stake in William Hill Online for GBP 424 million, this is the latest development for a company on the up. With an increase in first half earnings for 2013 of 13%, Playtech are definitely rising in the world, so their change of leadership is seen as a positive move to allow them to make the next step. With Android and iPhone gambling gaining a lot of ground, these moves could see them perfectly placed to take advantage.
The change in leadership at Playtech sees chairman Roger Withers – who has been leading the company the past seven years – step down, to be replaced by senior non-executive director Alan Jackson. Speaking at the event, Playtech’s CEO, Mor Weizer, was keen to stress the healthy position the company find themselves in: “Playtech has more than 500 million euro on its balance sheet and it has access to more than 100 million euros in credit facilities,” confirming that, in his mind, the company is ready to move “to the next level.”