Playtech Snaps up Stake in Snaitech

The world of online casino gaming in the UK is always changing. New developers come into the market all the time, but one name has been more or less consistent for a large part of the industry’s history so far: Playtech.

If you are looking for signs that Playtech will continue that faux-dominance for the years to come, then take a look at their investment in Italian firm Snaitech. With a deal worth over $1bn, Playtech has ramped up their efforts to take ownership of the firm. With an agreement to buy around 70% of the company (70.6% at the time of writing) for €846m, this is a major deal on the market.

According to Mor Weizer, the Playtech CEO, this is a major move, saying: “The acquisition of Snaitech represents the continuation of our strategy to invest in leading retail brands in fast-growing, regulated market,

“The acquisition delivers the board’s strategic objective to improve the quality and diversification of group revenue, whilst delivering exposure to high growth end markets, by utilizing the strength of Playtech’s balance sheet.”

With over 5,000 people employed across 17 nations, this is a major move from Playtech to further secure their position in the industry. Since 1999, they’ve been one of the biggest names in the industry and now look set to continue that dominance.

Their eclectic mix of high-quality products, mobile offerings and land-based casino games and lotteries ensures they cover every base for British casino gamers.

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