Playtech expands US offering with IGT licensing deal

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Playtech expands US offering with IGT licensing deal

Playtech has expanded its casino offering in the US by reaching a licensing agreement with International Game Technology (IGT).

The agreement will allow Playtech to offer games in the US that include features patented within IGT’s US patent portfolio, the largest of slot games in the country.

The deal sees Playtech continue its North America expansion after being granted a licence in New Jersey and going live with bet355, and BetMGM’s gaming network, earlier in 2020.

Playtech COO Shimon Akad said: “The agreement with IGT represents another significant milestone in the growth of our presence in North America as we build on the momentum of the past few months.

“We look forward to offering the US market more of our market-leading software and technology in what is a rapidly growing US market”.

IGT COO Nick Khin added: “We are delighted to have reached an agreement to provide Playtech with access to the largest game feature patent portfolio in the US. Working in partnership with Playtech will help propel our collective innovation and growth, and further validates our significant IP portfolio”.

The impact of the coronavirus pandemic saw Playtech’s H1 2020 revenue drop 23% year-on-year down to €564m ($685m), while earlier this month the supplier extended its partnership with Norsk Tipping in Norway and Swiss Casinos Group in Switzerland.

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