Playtech Scores Big Finland Contract
May 25, 2010 (CAP News Wire) – Some interesting European online gambling business news as the iGB Super Show in Prague gets underway: A few months ago, Finland passed an amendment that would enable its state-controlled gambling operator Rahaautomaattiyhdistys (RAY) to create an Internet gambling network. Now, it’s been announced that online software developer Playtech has entered into an exclusive four-year contract to supply RAY with online gaming software and technology.
The launch of the new Finnish RAY online gaming site is scheduled for the third quarter of 2010, states the Gaming Intelligence Group.
“This important agreement is further evidence as to the superiority of our product and the success of our stated strategy in soon-to-be-regulated markets,” Mor Weizer, CEO of Playtech, was quoted in the article. “We have longstanding experience of helping land-based operators develop highly successful and complimentary online offerings. I am delighted that RAY has recognised our unparalleled credentials and chosen to partner with us.”
This has become an interesting channel for the European online gambling business world: Some nations that only allow online gambling to come from countries within their own borders are increasingly outsourcing the actual creation of the online gambling technology to other firms. Playtech is a British company that operates in a number of other markets; recently, it’s also developed software for the SEGA Games online gaming platforms.