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Playtech Continues Recruitment Drive as Share Price Soars

Playtech

The world’s largest gaming software and services supplier, Playtech, says it plans to continue its recent recruitment drive as it prepares to undertake several large-scale omni-channel projects in the United Kingdom and so-called emerging markets.

Playtech, listed on the London Stock Exchange, currently employs 4,000 stack worldwide, a figure bolstered by the addition of more than 600 between January 2014 and March 2015. According to a statement on the Playtech website, the company plans to add a further 300 employees in the coming months.

The recent surge in recruitment will mostly be seen in Playtech’s sports betting operation, namely Playtech Sports. This division is being reorganised so all if its omni-channel sports technology and capabilities operate as a single outfit.

Business is booming for Playtech and one of its biggest success stories is Coral Connect that was launched in 2014. The technology allows Coral customers to bet in a betting shop, online or mobile and then collect their winnings at any of Coral’s 1,800 shops via one wallet.

The CEO of Playtech, Mor Weizer, said: “The success of Connect has been a game-changer for the industry and for us as a business. It is a technology offering we adopted long before any of our competitors and is the future of betting and gaming. Therefore, with a number of significant agreements close to completion, we are currently undergoing a large-scale investment plan in order to deliver the maximum success for these projects.

“With expertise across all products, verticals, channels, software and hardware and our proven track record, Playtech is the only global gaming company with the ability to successfully deliver large-scale, regulated government and non-government projects in tandem with large-scale technology deployments.”

Shares in Playtech are currently trading at a 52-week high of 836.50 pence and are expected to rise higher if, as expected, its latest financial figures are as robust as previously when they are made public on April 27.

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