Playtech Ready to Launch in US
The Chief Executive of poker and casino software provider Playtech, Mor Weizer has stated that his company is well placed to enter the US market when reforms take place in the United State’s online gambling legislation.
As the US moves closer to the legalization and regulation of online gambling since the introduction of the UIGEA in 2006, Weizer has said that Playtech is getting a lot of interest from gaming operators in the United States regarding joint ventures.
Weizer has further said that “The timing is not clear but we see a genuine and positive momentum towards the regulation of online gambling,” and also added on “We see a lot of interest from operators in the U.S., and we are in discussions with various local groups.”
Weizer believes it will be easier for the Playtech to enter joint ventures with local operators and break into the market because of its position as a software provider, and not as a gambling operator. Local operators will dominate the online gambling industry, but because Playtech is a business to business company, it means that they will not be competing with the local operators, and simply entering into a number of strategic partnerships with US companies.