Mor Weizer, chief executive officer of gaming developer and provider Playtech, shared that he is planning to make progress in talks for a major purchase during the ICE Totally Gaming conference, which started earlier today. The important deal is expected to be finalized by the end of the year.
Mr. Weizer shared at a media briefing that his company is close to completing an important deal in 2015. Yet, he pointed out that there is no reason for rushing the process and that the acquisition will be announced sometime before the end of the year.
The executive said that Playtech will consider several opportunities for new acquisitions. He is planning to make certain progress during ICE Totally Gaming, the three-day gaming conference, which is currently taking place in London. Mr. Weizer also shared that he will be looking for additional acquisition options.
He commented that previously, some of the best deals could be found on events like ICE Totally Gaming. Mr. Weizer said that the conference gives excellent opportunities for companies to “identify targets”.
Playtech’s CEO also commented on the company’s financial performance in the United States. He pointed out that the numbers reported after Playtech’s introduction to the regulated markets of the states of New Jersey, Nevada, and Delaware proved that the gaming developer’s decision to hold back its entrance in the US had been the right thing to do.
It seems, however, that Mr. Weizer’s opinion about Playtech’s presence on the Californian gaming market is quite positive. He said that the company “should be and would be there” as soon as the necessary gaming regulations are implemented.
During the briefing, Playtech’s representatives discussed the use of the so-called omni-channel and big data solution, which will be exhibited during ICE Totally Gaming.
Back in 2014, Coral launched Connect, a single-wallet solution, powered by Playtech and OpenBet. Mr. Weizer said that the afore-mentioned solution posted more than impressive results.
According to him, 30% of Coral’s current net gaming revenue is now generated from holders of the single-wallet card. By comparison, customers that bet both online and in the company’s brick-and-mortar stores were considered to be 2.5 more valuable than those who opted for online betting options only.
Mr. Weizer pointed out that the omni-channel solution has provided Coral with the opportunity to acquaint itself with its customers, particularly with its VIPs, and to treat them in a different manner when they play online.
Speaking of the omni-channel solution, the executive also hinted at the possibility for it to be introduced to Ladbrokes in the months to come.
