Playtech has entered into an agreement to develop new Live Casino content in partnership with MGM Resorts International.
As the technology partner of MGM Resorts, Playtech will produce proprietary live casino games streamed directly from the gaming floors of two of MGM Resorts’ most iconic Las Vegas Strip properties – the Bellagio Resort & Casino and MGM Grand.
The Live Casino content will be branded as MGM Live and will be licensed to operators for end-user play in regulated markets throughout the world outside the United States.
“This partnership combines the strength of MGM Resorts’ global prestige with Playtech’s extensive international market knowledge and innovative games,” said Playtech CEO Mor Weizer. “As a leading technology provider in regulated markets, we’re delighted to collaborate with MGM Resorts to develop the MGM Live brand, offering an innovative live dealer experience.
“Together we are pioneering a new live entertainment category and product offering for players in regulated territories around the world.”
The initial live casino offering will include single and double-zero roulette and baccarat games streamed live from MGM Grand and Bellagio, and will allow online players to simultaneously participate in the same game as players at the physical game table on the casino floor.
Future phases of the partnership will expand the offering to include access to several proprietary Playtech games, as well as exclusive branded TV game shows, celebrity-hosted trivia shows, and immersive entertainment experiences.
“The launch of this new and exciting live casino offering, in partnership with Playtech and directly from Bellagio and MGM Grand in Las Vegas, furthers our strategic vision to be the world’s premier gaming entertainment company,” said MGM Resorts CEO and president Bill Hornbuckle. “This collaboration amplifies our commitment to providing unparalleled experiences and expands our global reach to our customers.
“We believe the content, celebrity talent and sophisticated gaming experience that we will offer – all from the trusted and highly reputable brands of MGM Resorts – will be unmatched in the industry.”
Shares in Playtech plc (LSE:PTEC) were trading at 460.00 pence per share in London earlier Thursday, while shares in MGM Resorts International (NYSE:MGM) closed marginally higher by 0.35 per cent at $40.53 in New York Wednesday.