New Deals for Playtech
Ahead of its proposed premium listing on the London Stock Exchange, Playtech has inked several deals.
Playech has recently signed a number of Memorandum of Understanding (MoU) agreements. The first, with an unnamed partner, will advance Playtech's entry to the B2B real money social gaming sector via online and mobile channels.
Playtech has agreed a non-binding MoU for an equity participation in a B2C venture with enterprises in which Teddy Sagi, founder of Playtech and Brickington Trading Ltd shareholder, is interested.
These ventures would allow Playtech access to many social platforms, which it would service with its cross-platform capabilities. The B2C, which will licensed to use certain Playtech games, currently offer real money lottery and social gaming.
Playtech's UK subsidiary, Gaming Technology Solutions (GTS), is the subject of the next MoU. Playtech intends to buy or lease the London office space GTS occupies. Teddy Sagi is beneficially interested in current owner Worldwide Online Enterprises.
Finally, Playtech's PT Turnkey Services Limited (PTTS) deal will be completed earlier than agreed, thanks to PTTS's strong performance since its acquisition from Worldwide Online Enterprises.