Playtech soars after signing bumper contract with gaming giant Gala Coral

City A.M. Reporter
ONLINE gambling software provider Playtech said yesterday it has signed a long-term contract to provide a technology platform and gaming products to Europe’s biggest gambling company Gala Coral, sending its shares up almost nine per cent.

Estonia-based Playtech said its products would support Gala Coral’s entire product range, including sports betting, and would take effect with Gala Coral moving from its existing suppliers in the first half of 2012.

Chief executive Mor Weizer said: “This deal recognises our platform’s technological leadership and we are confident it will provide Gala Coral with the player management tools and functionality to drive its entire online business.”

Gala Coral, which has more than 2,000 betting shops, has a substantial online business, including a major presence in the UK bingo market alongside casino, poker and sports betting products.