Playtech and Flutter reveal five-year deal extension
Playtech Plc has revealed a new five-year extension on its deal with Flutter Entertainment that concerns three of its company’s brands including Betfair, Paddy Power and Sky Casino. The deal says that Playtech will offer its collection of products and services to the three brands mentioned earlier for their online gambling and casino content.
Shimon Akad, Playtech chief operating officer, said:
“Flutter is one of Playtech’s key strategic partners, and so this new long-term agreement to supply our innovative software and services across four key product verticals is significant. This is testament to the long standing and strong relations between Flutter and Playtech, and we look forward to continuing to work with Flutter in its core markets to support Paddy Power, Betfair and Sky Casino over the next five years.”
This deal will last for five years has been praised by the gambling firm since it acts as an extension to the long-term partnership with the main deliberate partner, with Playtech’s products all being present in Flutter’s operations in the European continent. Aside from that, Playtech will now keep offering steadfast studios for Sky Casino, Betfair and Paddy Power, as well as the launch of Sky Vegas Live Casino.
Flutter’s UK&I division CEO, Conor Grant, also noted:
“We are pleased to have signed an extension agreement with Playtech. Over the years we have built a very successful partnership and are excited to continue offering our customers access to software from one of the world’s leading suppliers of high-quality gaming product.”
Just last week, Playtech reported the effects of the pandemic on its operations in 2020, mentioning the importance of the major drops in B2C and B2B revenue, which brought on a massive 25% decrease, going from €1.44 billion to €1.07 billion.
The firm went on to state that it had been massively affected by the COVID-19 pandemic mainly because of the cancellation of sports tournaments and events across the globe, as well as the shut down of land-based casinos and betting shops.