As far as software providers go, Playtech have perhaps one of the most intriguing founding histories out of quite a lot in the online gambling industry. Established in 1999, the idea first came to fruition courtesy of Israeli entrepreneur Teddy Sagi, who had identified a gap in the market to create a company that focused on true innovation backed up by the best technology talent in the marketplace.
After approaching a number of venture capitalists in Tel Aviv, he finally secured investment and it was his mission to hire the most talented developers and mathematicians in Europe capable of producing slots that were better than the rest in the marketplace, but which were able to differentiate themselves with unique selling ponts.
While the first year was spent analysing and researching as well as crunching numbers, it wasn't long before Playtech had their first operators on board. Being based in Gibraltar, which has long been home to a number of the biggest online casino firms has played a huge part in the company's growth over the years.
Initially, the company were based in Estonia and due to the amount of work that went on behind the scenes, it wasn't until 2001 when their first casino product was launched. Specializing in slots, casino games, sports betting and live casino, the software provider is particularly adept at creating mobile applications as well, which is reflected in the success of their many clients.
Playtech have long been renowned in the industry and as a result, this popularity as well as their huge fanbase are just a couple of factors why they were able to list on the London Stock Exchange (LSE) in 2006 to become Playtech PLC as well as being a constituent of the FTSE 250 index, such was the rapidity of its growth.
In the years since, they have gone from strength to strength and as a result have completed a number of acquisitions which has only made the company stronger, more robust and also more reputable including Quickspin in 2016.