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GVC announces agreement with Playtech

The agreement with Playtech could mean accelerated synergies for GVC's integration of Ladbrokes Coral
February 27, 2019

GVC (GVC) has announced that Playtech (PTEC) will become a key products and services supplier to all GVC brands in both existing and new markets in a deal that will run until 2025. Playtech’s products and services will also be integrated into the GVC platform and made available to the MGM-GVC joint venture in the US, ROAR Digital.

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The existing agreement for Playtech BGT Sports to supply Ladbrokes Coral with the software for its suite of self-service betting terminals has been extended, as it was previously due to expire in 2021. No specific numbers relating to the deal were released, but Playtech reiterated its €390m-€415m guidance for cash profits in 2019.