Online-Casinos.com – The European and Scandinavian jurisdictions are experiencing growing pains with regards to the regulated online gambling industry. Europe has been struggling with a system that is not consistent with the European Union’s rules for free e commerce causing many operators to be in contention with the European Commission’s requirements.
Recently countries such as Spain and Denmark regulated the industry with good results. The Netherlands is getting ready to launch a regulated online gambling market by 2015. The opportunity to offer online gambling has spurred many companies to get into the game with gusto. Playtech has been chosen by the jurisdiction to provide an online gaming platform for the Dutch gambling monopoly Holland Casino.
Playtech was founded in 1999 by Teddy Sagi; it was floated early in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million. In October of 2008, Playtech announced that it would acquire private assets from Teddy Sagi in return for $250 million. Then in March 2011, Playtech bought PT Turnkey Services from Teddy Sagi for £125m. Playtech employs 2,600 people as of June 2013 in nine countries and territories. The Isle of Man where the headquarters are located, United Kingdom, Israel, Bulgaria, Estonia, Ukraine, Philippines, Sweden, and Cyprus.
The agreement has Playtech, which earned the job after a competitive tender process, developing a gaming platform for the Holland Casino, supplying software for poker, roulette, blackjack, slots, and bingo.
Holland Casino’s interim Chief Executive Officer Willem-Jan van den Dijssel commented on the decision to use Playtech software, “We will soon offer our players a unique gaming environment and experience,” Van den Dijssel continued, “Coupled with the expertise of Playtech, we look forward with confidence to the forthcoming regulation of the market.”
According to a report from intersog.com, the Netherlands is the 17th largest gambling market in the European Union with over 700,000 online gamblers generating gross gambling revenue between €130 million and €250 million annually.
