Business News

Playtech has revealed plans to hire an additional 300 employees over the next eight months as it prepares to launch several large-scale omni-channel projects in the UK and emerging markets, while hinting at acquisitions to further develop its sports betting solutions.

The supplier has already seen its global headcount grow by more than 600 – up 20 per cent – between January 2014 and March this year, as a result of investment in the Playtech ONE omni-channel solution. It is preparing to concentrate its resources on what it describes as “several significant, soon-to-be-announced, global government and non-government omni-channel contracts.”

In order to complete these projects, it says, it will require a large number of developers, operations staff, product managers, IT and customer support specialists to ensure the projects are successfully delivered.

The majority of resources will be dedicated to Playtech’s sports betting solutions, with the vertical seen as key to the Playtech ONE roadmap and its fastest-growing product. The division, Playtech Sports, has been restructured with all sports betting products, services and technology merged into a single division in order to give clients full customer visibility across all channels and devices.

Playtech Sports will be further bolstered by “strategic bolt-on acquisitions,” with discussions currently underway, while a new retail point-of-sale management and registration system is also in development.

It will look to prompt retail operators to replace retail systems by offering in-shop, cashier and self-service retail management technology that will allow it to offer a true multi-channel offering.

The supplier highlighted the success of the Coral Connect omni-channel solution, which it played a key role in developing. Since being rolled out across Coral’s retail estate a year ago, the operator has seen more than 200,000 omni-channel Connect customers sign up.

“Playtech’s revolutionary technology enables a seamless, one wallet and one account experience with content available across all channels, online and mobile, and across all devices,” Playtech CEO 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,” he explained.

“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,” Weizer added.

Shares in Playtech plc. (Co. Data) (LSE:PTEC) were trading up 1.69 per cent at 814.00 pence per share in London at 10:50 BST, having set a new 52-week high of 819.00 pence per share earlier in the day.