Playtech Moves Forward with Identity Protection and Payment Services from GBGPublished August 26, 2015 by Lee R
Playtech is expanding its operations with a comprehensive set of deals.
With the expansion of online gambling, the need to for effective data protection expands as well, and the advancement of technologies demands many solutions for a growing market of consumers.
The new agreement provides Playtech licensees with global ID access verification through its IMS platform.
GBG Gaming Head Peter Murray said that the deal would allow a number of Playtech operators to perform instant identity certification across more than 4.3 billion individuals around the world.
Murray asserted his company's commitment to meeting the needs of the gaming sector in which operators are “keen to build an environment of trust that protects both player and business.”
The trust is reflected in metrics such as player acceptance rates which cites at as much as 23% when “instant, robust ID verification is embedded into the onboarding process.”
Shareholders Approve Plus500 Deal
Meanwhile, Playtech shareholders have voted to uphold the previously announced £459.6 million (€652.1 million/$719.7 million) acquisition of spread betting company Plus500.
This conforms to last month's confirmation that Plus500 shareholders had voted to accept the offer, and keeps the deal on track to finalize by the end of September.
Playtech shareholders confirmed their support at the company's Annual General Meeting last Wednesday. The completion of the acquisition is still subject to regulatory approvals, as Playtech continues is expansion. It remains to be seen how this move will affect Playtech's services in the financial betting sector.
In other Playtech news, investment analysts at Canaccord Genuity had the company's "buy" stocks restated. The GBX 1,065 ($16.69) price target on the stock went up from GBX 950 (14.89$).
All Systems Go
The GBG deal can only provide more confidence to Playtech shareholders, partners, clients, and customers. It'll be interesting when players at Playtech casinos like Video Slots Casino, Omni Casino and 7Regal Casino start seeing results of these moves.