Estonia-based Playtech has signed a contract to provide Gala Coral with a technology platform and gaming products the company said. The long term deal, which is to go into effect in the first half of 2012, will encompass all of Gala Coral’s products such as sports betting. The casino will be moving all of its products from the existing suppliers.
"This deal recognises our platform's technological leadership and we are confident it will provide Gala Coral with the player management tools and functionality to drive its entire online business," said Mor Weizer, Playtech CEO.
Gala Coral has more than 2,000 betting shops. In addition, it has a major online business as well as casinos and bingo clubs, poker and sports betting products. In fact, gala Coral is a major presence in the UK bingo market and has a large global presence with its Eurobet brand.
Playtech announced over-all revenues for the second quarter rising by 19 percent compared to the previous year; in the first 18 days of the third quarter, revenues were up 25 percent over last year.
Playtech also announced its purchase of Mobenga, which provides mobile betting platforms to sportsbook customers such as Unibet, Paddy Power and Skybet. The price for Mobenga will be determined by how well it does. Depending upon performance, Playtech may have to compensate the company 8 million Euros ($11.4 million)—or up to as much as 15.8 million Euros. Mobile gaming has seen an incredible rise due to the availability of mobile platforms as well as the pervasive use of iPhones and tablets such as iPads. Since there has been such a great rise in the use of mobile gaming, the cost could be at that higher end.