NICOSIA, Cyprus, September 18 /PRNewswire-FirstCall/ — Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd (LSE: PTEC – News), listed on AIM, announced today the signing of a license agreement with 1st Technology LLC.
The license agreement is in relation to 1st Technology’s core multimedia patents applied to advanced online gaming products. The patents, developed by multimedia pioneer Dr. Scott Lewis, CEO of 1st Technology, are targeted at providing enhanced interactivity and optimized delivery of high quality multimedia information over networks of various bandwidths including narrowband and broadband telephone, cable, and wireless Internet.
Dr. Lewis, commenting on the agreement, said: “We are delighted that industry leader Playtech is now a licensee. Our new relationship will allow us to develop superior gaming products to the market using 1st Technology’s internationally recognized patent portfolio.”
Playtech announced its latest partnership deal with Flutter Entertainment, linking to a live casino studio for the Sky Betting and Gaming brand, Sky Vegas. The new specialized studio will be located at Playtech Live Studios in Riga. On the first launch, Sky Vegas Live Casino will include live blackjack and roulette from Playtech, which allow a limitless number of players to enjoy the content.
Playtech is delighted to announce the roll-out of its online casino in New Jersey via BetMGM’s gaming network for the first time. According to the deal, the supplier will deliver its own leading iGaming casino software to the venue.
Shimon Akad, Playtech COO, said: “We are delighted to launch with leading operator BetMGM in New Jersey.
Supplier of slots and table games for Western and Asian gaming markets Habanero has made an arrangement with Playtech to deploy its omni-channel platform for further distribution of products.
The integration will enrich Playtech Open Platform (POP) by more than 100 slots, 13 card games and 10 video poker variants.