Business News

Playtech subsidiary Intelligent Gaming Systems (IGS) has been selected as the new systems partner for Svenska Spel's Casino Cosmopol, operator of four land-based casinos in Sweden. 

Playtech will deliver a full casino management solution for the operator's four venues in Sundsvall, Malmö, Gothenburg and Stockholm, including slots, table games, poker, visitor registration systems, a cash desk and business intelligence tools.

The company was awarded the contract following a public procurement process, with its approach to anti-money laundering (AML) and general data protection regulations (GDPR) cited as key reasons for the decision.

"As a public-sector organisation, Casino Cosmopol applies the Public Procurement Act and our major investments are subject to a competitive procurement process," Casino Cosmopol chief executive Per Jaldung explained. "We specified detailed requirements for a system to connect our gaming, business and compliance operations, with a focus on AML and GDPR.

"Intelligent Gaming Systems was the supplier that met our requirements best and was consequently awarded the contract," he continued. "Its understanding of the challenges that are presented by AML and GDPR with respect to casino operation has made us feel very confident that they are the right match for Casino Cosmopol."

Playtech's IGS and Casino Cosmopol have signed a framework agreement, with the casino system to be rolled out in several phases, beginning later this year and finishing in 2019.

"This success underlines our position as the leading systems supplier to the European casino industry," IGS managing director Martin Sykes said.

"Casino Cosmopol is one of the world's most responsible gaming operators and is at the leading edge of initiatives such as AML and GDPR," he explained. "The project includes a number of innovative developments which will underpin our position as the world leaders in AML and responsible gaming."

Shares in Playtech plc (LSE:PTEC) were trading down 0.91 per cent at 804.20 pence per share in London Wednesday.