Playtech designs, develops and deploys unified gaming platforms for the online gaming industry. Founded in 1999 by a team of ecommerce entrepreneurs and multimedia specialists, and guided by seasoned land based operators, Playtech today has over 115 employees distributed globally, around two-thirds of whom are engaged in research and development of current and future gaming technologies. The success of the company's initial product offering - online casino software - led Playtech to expand its range to include Live Gaming, bingo and soon-to-be-released poker and games of skill, and to develop a universal platform into which these gaming activities could be freely incorporated, accessed and managed as stand-alone, plug-and-play applications. As a result, Playtech finds itself positioned favorably to capitalize on the growing market for multi-activity gaming operations.
Since the company's inception, Playtech has earned broad recognition for its innovations in gaming technology and is credited with the introduction of many industry firsts: from real-time game and transaction histories, VIP rating and a Comp Points scheme to groundbreaking fraud prevention and player retention tools; from live human dealers in the Live Gaming concept to progressive games featuring interactive, animated bonus stages and real-time, online contact between players and customer service personnel.
Playtech's business philosophy places its licensees at the centre of the company's innovation-led development efforts. Our development team works in close synergy with licensees to deliver faster turnaround times and offer greater flexibility vis-a-vis product development and customization. We don't believe that 'one product fits all' - so we work with each licensee on a dedicated, one-to-one basis, addressing his particular needs and tailoring the product to suit his operation accordingly. This practice of ongoing and open dialogue and the symbiosis it engenders has led to the development of some of our most successful and revenue generating product innovations.
Playtech made an initial strategic decision not to operate its own gaming activities, realizing that such a move would create conflicts of interest with its future licensees. The company wants to maintain its position as a neutral third party software provider.
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