{"id":180381,"date":"2021-07-20T10:46:42","date_gmt":"2021-07-20T17:46:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=180381"},"modified":"2021-07-20T14:38:29","modified_gmt":"2021-07-20T21:38:29","slug":"scientific-games-playtech-reveal-wide-global-distribution-agreement","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/","title":{"rendered":"Scientific Games, Playtech Strike International Distribution Agreement"},"content":{"rendered":"

Gaming technology provider Scientific Games (NASDAQ:SGMS) and European gaming firm Playtech (OTC:PYTCY) have reached an agreement. It paves the way for the companies to capitalize on the other’s scale in various regions around the world.<\/p>\n

\"Scientific
Scientific Games headquarters in Las Vegas, pictured above. The company has a global distribution agreement with Playtech. (Image: Jeff Scheid\/Nevada Independent<\/em>)<\/figcaption><\/figure>\n

As part of the accord, Playtech’s software will be accessible to operators via Scientific Games’ Open Gaming System (OGS) offering.<\/p>\n

\n

The agreement includes Playtech’s casino offerings, such as its slots, table games, and live casino entertainment. These offerings will be integrated into Scientific Games’ features. The content will then be rolled out in New Jersey first. More states will follow, according to a statement issued by Scientific Games.<\/p>\n<\/div>\n

Playtech makes software for internet casinos, web-based poker rooms, and online sports wagering, making the company somewhat comparable to GAN Ltd.<\/a> (NASDAQ:GAN). Playtech also provides software for fixed-odds arcade games, online games, and provides services for scratch games. It was founded in Estonia more than two decades ago and is headquartered in the Isle of Man.<\/p>\n

Scientific Games iGaming Play<\/h2>\n

The agreement with Playtech is the latest sign of Scientific Games’ desire to forge deeper into the fast-growing world of internet casinos.<\/p>\n

\n

That could be a prudent move on the Las Vegas-based company’s part, because, by some estimates<\/a>, the North American online casinos and sports wagering markets could eventually be worth $42 billion or more, and iGaming is seen as the more lucrative of the two segments, because it has better margins and a longer runway for state-level legalization.<\/p>\n<\/div>\n

Late last month, Scientific Games said it will divest<\/a> its lottery and Don Best sports betting units to firm its balance sheet and allow it to focus on higher growth opportunities. Last week, the company offered to acquire the 19 percent <\/a>of social casino developer SciPlay Corp. (NASDAQ:SCPL) it doesn’t already control — another sign of its plan to push into online gaming.<\/p>\n

Geographic Scale with Playtech Deal<\/h2>\n

For Playtech and Scientific Games, the newly inked agreement sets the stage for the companies to enter markets where they previously lacked exposure.<\/p>\n

\u201cThis new partnership, featuring two of the industry\u2019s biggest companies, will enable Scientific Games and Playtech to mutually benefit from each other\u2019s scale and reach across the US, in addition to regulated markets in Latin America and Central, Eastern, and Western Europe,\u201d according to the statement.<\/p>\n

Financial terms of the deal weren’t disclosed. Playtech was previously rumored <\/a>to be a potential acquisition target. But the agreement with Scientific Games isn’t necessarily a precursor to dealmaking.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming technology provider Scientific Games (NASDAQ:SGMS) and European gaming firm Playtech (OTC:PYTCY) have reached an agreement. It paves the way for the companies to capitalize on the other’s scale in various regions around the world. As part of the accord, Playtech’s software will be accessible to operators via Scientific Games’ Open Gaming System (OGS) offering. […]<\/p>\n","protected":false},"author":46,"featured_media":180384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,16693],"tags":[],"acf":[],"yoast_head":"\nScientific Games, Playtech Reveal Wide Global Distribution Agreement<\/title>\n<meta name=\"description\" content=\"Scientific Games and Playtech announce agreement to bolster global distribution capabailities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scientific Games, Playtech Reveal Wide Global Distribution Agreement\" \/>\n<meta property=\"og:description\" content=\"Scientific Games and Playtech announce agreement to bolster global distribution capabailities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-20T17:46:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-20T21:38:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/SGMS-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1412\" \/>\n\t<meta property=\"og:image:height\" content=\"903\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/\",\"url\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/\",\"name\":\"Scientific Games, Playtech Reveal Wide Global Distribution Agreement\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/SGMS-2.jpg\",\"datePublished\":\"2021-07-20T17:46:42+00:00\",\"dateModified\":\"2021-07-20T21:38:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Scientific Games and Playtech announce agreement to bolster global distribution capabailities.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/scientific-games-playtech-reveal-wide-global-distribution-agreement\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/SGMS-2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/SGMS-2.jpg\",\"width\":1412,\"height\":903,\"caption\":\"Scientific Games headquarters in Las Vegas. 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