Business News

London-listed gaming technology provider Playtech has secured a ten-year contract extension with Norway’s state-owned gaming operator Norsk Tipping.

The agreement sees Playtech’s Videobet subsidiary continuing to provide Norsk Tipping with system technology for the operator’s video lottery terminal (VLT) gaming system.

The long-running partnership between Playtech and Norsk Tipping began in 2003, with Videobet’s VLT products and services currently available in more than 1,000 retail outlets across Norway.

Through an open architecture, the system has successfully operated Videobet and third party content for more than 10 years, with the supplier currently extending the open capabilities by adding support for Remote Game Servers. Last year an HTML5 game was successfully trialed via Norsk Tipping’s platform.

“We are very happy with the technology and services provided by Playtech and the Videobet team,” said Norsk Tipping head of gaming operations Hans Erland Ringsvold. “We are confident that their VLT technology coupled with their professional expertise and experience from a wide range of markets will continue to provide great value for Norsk Tipping and ensure that we can fulfil our future VLT strategy and business objectives.”

Playtech chief operating officer Shimon Akad commented: “For more than 15 years we have successfully supported Norsk Tipping in delivering a VLT program for the Norwegian market. We are excited to continue supporting them in the next 10 years, ensuring their VLT program remains fit for the market and provides a long-term sustainable offering that also caters to new generations of players.

“Retail remains a core focus within Playtech and we look forward to be able to provide Norsk Tipping with our strategic roadmap going forward.”

Shares in Playtech plc (LSE:PTEC) were trading up marginally by 0.78 per cent to 398.20 pence per share in London Monday morning.