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Playtech plc (LSE:PTEC.The new online casino agreement will allow Norsk Tipping to access the Isle of Man-headquartered developer’s extensive range of innovative online casino games comprising its lineup of premier content studios including Ash Gaming, Vikings, Quickspin, Origins and Rarestone, the newest addition to the Playtech studios family.52 million) before making a subsequent €100 million (1....

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The New York-listed firm used an official Monday press release to detail that the arrangement for its Lottomatica Videolot Rete SpA and Lottomatica Scommesse Srl subordinates will involve buyer Gamenet Group SpA handing over an initial €725 million (8.Playtech plc (LSE:PTEC. Launched earlier this month as a limited exclusive with Buzz Bingo, the new game features a Sticky Wilds mechanic, along with a built-in modifier that gives players a choice of six separate extra games modes, as well as the chance to choose volatility....

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It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets.Read a statement from Sala…“The transaction enables IGT to monetize its leadership positions in the Italian business-to-consumer gaming machine, sportsbetting and digital spaces at an attractive multiple to comparable Italian transactions, providing us with enhanced financial flexibility.”Growing partnership:The two deals also enhance the long-term strategic partnership between Norsk Tipping and Playtech, with the latter having supplied the operator with online casino games since 2016 and terminals, games, VLT platforms, and services since 2003....

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Chief Operating Officer for Playtech, Shimon Akad, commented on the new agreements in a company press release…“Playtech content has proven to be very popular with Norsk Tipping’s players.Arrears appeasement:IGT additionally revealed that it expects the first stage of this arrangement to have been completed by the end of June and will subsequently utilize the proceeds from the sale of its Italian business-to-consumer gaming machine, sportsbetting and digital gaming establishments to reduce overall company debt. The two agreements come after as many public procurement processes by the government-owned lottery company....