Playtech has expanded its presence in South Africa with the launch of its live casino and online slot portfolio with leading operator Hollywoodbets.

Playtech said the collaboration represents a major milestone in its strategy to expand its global presence and enter regulated markets.

“We are thrilled to announce our partnership with Hollywoodbets, which will expand our presence in South Africa,” said Playtech senior commercial director Diane Crookes. “This collaboration will enable us to bring Playtech’s Live Casino and Slots offerings to the region, introducing an exciting new gaming experience to our customers.

“The relationship has just begun and with both companies having an international footprint and global appeal, we look forward to seeing what’s coming next.”

Hollywoodbets head of product Wayde Dorkin commented: “This partnership is a huge opportunity for Hollywoodbets. The deal allows us to offer the South African market Playtech’s exciting slots and Live games.

“We aim to further diversify our offerings by including additional content from Playtech in the coming months. This partnership presents great potential for both companies to provide a broader range of captivating content to our valued players.”

Shares in Playtech plc (LSE:PTEC) closed 0.90 per cent higher at 447.00 pence per share in London Friday.