London-listed gaming technology and services provider Playtech has sealed a landmark agreement with Finland’s newly merged state-owned gaming company Veikkaus.

Playtech will supply the operator with a full suite of exclusive games and casino content, with further phases planned for the future.

It builds on Playtech’s successful partnership with RAY, Finland’s slot machine association, which was extended last year for a further 20 years.

RAY has now been merged with the country's two other state-owned gaming monopoly operators - Veikkaus and Fintoto - to form an enlarged gaming operator under the Veikkaus name.

“Today’s agreement marks a significant milestone in extending not only our presence in Finland, but also extending our strong relationship with Veikkaus and its key stakeholders,” said Shimon Akad, Playtech’s chief operating officer. “We’re delighted they have selected Playtech to strengthen our long-standing and successful partnership in supporting the growth of the Finnish market.”

Timo Kiiskinen, RAY’s senior VP of business operations, added: “Our work with Playtech has set the bar on how to deliver year-on-year growth and outstanding results. We value our close working relationship and are very excited as to what the future holds together.”

Shares in Playtech plc (Co. Data) (LSE:PTEC) were trading down 0.19 per cent at 788.00 pence per share in London early Wednesday.