Playtech (LSE: PTEC) just announced that it has signed a three-year agreement with OPAP, the Greek betting and lottery operator, for the supply of self-service betting terminals (SSBTs), relevant software and services, as well as the subsequent introduction of an Over-the-Counter (OTC) sports betting solution.
Under the agreement, Playtech BGT Sports (PBS) will supply software and services for a combination of full-sized SSBTs, as well as the recently launched compact SSBTs, with the initial roll-out of machines commencing in 2017 followed by the rollout of an OTC solution in 2018. PBS will provide a fully-managed service to OPAP including trading and over 25,000 in-play markets.
Dr. Armin Sageder
Dr. Armin Sageder, Chief Executive Officer of Playtech BGT Sports, said:
The agreement with OPAP is a milestone for Playtech BGT Sports and we are proud to be supplying such an important lottery supplier with our solutions. There are multiple opportunities to further develop our relationship as OPAP looks to enhance its digital retail offering and we believe today’s agreement marks the start of a long and successful relationship.
Commenting on this agreement OPAP Chief Executive Officer, Damian Cope said:
We are pleased to be cooperating with Playtech and we are looking forward to leveraging their in-depth expertise, as part of this new venture. The introduction of SSBTs is aligned with our strategic priority to build a world-class portfolio of products and services for OPAP. Our cooperation with Playtech will contribute to the considerable improvement of our retail sports-betting offering and the enhancement of our customers’ experience.