Playtech Online Casino Software
Playtech is one of the four giants of the online gambling software industry. It designs software for online casino, online poker and online bingo games. Playtech even designs software for fixed-odds online video game, as well as land-based networked kiosk games. The company also creates technology to power online sports betting.
The History of Playtech
Playtech is based in the United Kingdom. It is publicly traded on the London Stock Exchange. Playtech Ltd. was founded in 1999, making it one of the older online casino software designers. Playtech has been an innovator in the industry. Its full name is Playtech Cyprus Limited.
When the company started, it wrote programs only for the online casinos. After becoming one of the early success stories in that industry, it moved into poker and sports betting.
The company built its name on an innovation dubbed the "unified gaming platform". This software gave players access to all of Playtech's games through one single interface, which was entirely new at the time. The other game manufacturers scrambled to design their own versions of Playtech technology.
Playtech offers multilevel comps packages that are some of the most complete in the business. This is one of the best ways to attract new customers, while players can know they'll get the best comps in online poker.
Playtech supports Texas Holdem, Omaha and its variants, Seven-Card stud and Five-Card stud. It also allows online casino management a wide array of tournament options. These include Jackpot sit'n'go tournaments, Freezeout tournaments, Addon or rebuy tournaments, Multi-table tournaments and Heads-up tournaments. It also powers tournaments by requests, so that customers can have tailor made options for their tourneys. Playtech offers option for real money and "fun only" clients, which are great for growing the base of new customers.
Casino operators are given incentive tools to draw in customers. Among these Refer-a-Friend bonuses, VIP rating bonuses and Comp Points for extended play. Playtech offers over 90 different casino games, including those which appeal to the Asian market. Another casino innovation you don't see at most online casinos is the virtual horse racing and other fixed odds games.
For players who want something entirely new, Playtech offers games like Blackjack Switch and Dollar Ball. These games are offered nowhere else on the internet.
Playtech has over 300 employees worldwide.
Playtech has a number of big name clients, including Golden Palace. Playtech floated its stock on the London Stock Exchange in 2006, which is estimated at a value of over 520 million pounds. When the Safe Port Act was passed in the U.S., that stock went down 40% in one day. Over the course of the next four months, though, the initial panic subsided. By February 2007, Playtech's stock was at a 12-month high. The numbers show it has weathered the U.S. anti-gambling storm.
Playtech offers operators a choice of a dozen different language options. These languages include English, German, Turkish, Spanish, Italian, French, Dutch and Russian. They also offer four Asian languages, including Chinese, Japanese and Korean.
Users of Playtech software have the full chat options. This includes player-to-player chats, community chats or anything in between. For casino operators, Playtech adds a moderator feature to police what is being said in one's online casino.
Bingoland and Videobet
Playtech's online bingo wing is called Bingoland.com. Though it has only been in existence for four years, Bingoland is one of the largest online bingo networks in the world. This is one area of growth which sets Playtech apart from its major competitors. It offers classic American 75-ball bingo.
Playtech has a subsidiary named Videobet. This subsidiary handles the placement of game technology into land-based casinos.
Because Playtech is a publicly-traded company, it no longer takes American players. This decision was made in late 2006, due to the fallout from passage of the Unlawful Internet Gambling Enforcement Act. The UIGEA was passed by the U.S. Congress in October 2006. .
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