Recently Betfair and Playtech struck a deal, which will result in online poker being offered in regulated markets, previously not accessible. The deal is great news for poker fans in Spain and a few other countries.
A little more on the deal
As of now, Betfair hosts all its poker games on Ongame network, which is up for sale. In the Spanish market, poker will be offered through Playtech. The Spanish market was regulated this year and poker will be offered by October end. Betfair is also considering entering the Italian online poker market.
Ian Chuter the director of group operations at Betfair stated that Betfair has established a strong relationship with Playtech, a leading provider of gaming software. After thoroughly evaluating available options and several years of being in a lucrative relationship, Betfair feels Playtech is the logical choice for giving the company what it needs.
Chuter added that the deal permits Betfair to provide a compliant poker choice in markets where previously poker hasn’t been allowed. The agreement is proof of the seriousness of offering customers a high-end one-stop shop that can fulfil all their gambling desires.
Playtech is a company that develops software for gaming purposes. The company was established in 1999 and serves online poker rooms, casinos, scratch games and bingo games. Live dealer games and mobile gaming are also powered by Playtech. Some of the leading gaming operators like Titan Casino and William Hill and powered by Playtech and the software has been tested and tried by leading bodies from the online gaming industry.
The software is known to be rich, safe and very secure in terms of fair play and player security. The company also has numerous certificates of approval from various governing bodies that vouch for its authenticity and high quality product.
Betfair Group is the biggest internet betting exchange in the world and is based in London. The company registered in Gibraltar in 2011 and has been operating with its offshore license ever since. Betfair was established back in 2000 and has been growing rapidly since its initiation. The company boasts of more than 4 million customers, which produce a turnover of over £50 million per week. In the UK the company provides employment to more than 1200 people and hires over 2300 people internationally.
Other online casinos with Spanish licences
Three other well known casinos that will now operate in Spain include 888, Sportingbet and bwin.party. All these companies will now be allowed to offer internet poker in the Spanish market. PokerStars, who recently bought over Full Tilt Poker, will also be offering online poker in Spain.
Spain is a newly regulated poker market and granted licences to companies who recently repaid taxes to the authorities in Spain. This payment was made to clear the way for receiving licences. Earlier this year, Sportingbet’s websites were shut down by Spanish courts but not has permission to operate. For 888, Spain is quote a vital market according to the companies CEO, Brian Mattingley.