Playtech inks strategic agreements with US casino operator

Gambling software group Playtech said on Tuesday that it has signed strategic agreements with various subsidiaries of Greenwood Racing.

Playtech said the agreement with Greenwood, which owns and operates the Parx Casino in Pennsylvania, includes licensing of its products in the states of Michigan, Indiana, New Jersey and Pennsylvania, commencing with the launch of online casino in Michigan on the FTSE 250-listed company's IMS platform and player account management.

Chief executive Mor Weizer said: "The US is a highly strategic market and this multi-state, multi-product agreement highlights the demand for the full breadth of our product offering.

"This is the next step for Playtech in the US and we are delighted to work with the Greenwood companies to capture this exciting long-term opportunity."

As of 0850 GMT, Playtech shares were up 2.11% at 495.23p.