In a Contract With Hard Rock Digital Playtech Spends $85 Million for a Minority Stake

A collaboration between Hard Rock Digital (HRD) and Playtech has been established in North America. According to the agreement, HRD will license various iGaming and technology solutions from the business. Playtech will mainly supply its goods and services on a revenue-share premise under long-term commercial agreements. In addition, Playtech provided an additional $85 million for a low single-digit percent minority equity ownership stake in HRD. HRD's continued foreign expansion will be aided by the revenue Playtech's investment generates.

A few US jurisdictions now offer sports betting and online gambling under the Hard Rock name, including Arizona, Indiana, Iowa, New Jersey, Ohio, Tennessee, and Virginia. Future releases are anticipated to increase. In the upcoming years, HRD plans to extend its online sportsbook and iGaming activities to a few foreign nations. Playtech's CEO, Mor Weizer, stated: "The Playtech team is excited to share the news of our strategic alliance with HRD." The brand name Hard Rock International is now well-known throughout the globe. "HRD will combine the power of this well-known worldwide brand with a management team with a track record of success, some of whom we at Playtech have known for a long time and consider among the best in the online gaming sector.

" This collaboration, which Playtech says is in line with its B2B strategy, "significantly strengthens our position in the North American market."

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2023 Mar 16

Citizen and Novibet Have a Partnership for Cardless Transactions in Ireland

After launching in the Irish gaming industry last year, online betting provider Novibet has teamed up with fintech firm Citizen to improve its customer offering.
Using Citizen's cardless payment system, Irish users of Novibet can make gaming purchases, including as account-to-account deposits and wi

2023 Feb 03

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Revenue for LeoVegas's Fourth Quarter Increased by 1% from the Previous Year

For the fourth quarter of 2022, LeoVegas recorded revenue of €99.5 million ($105.9 million), an increase of 1% over the same time in the previous year.
The group, recently presented with the Global Gaming Awards London 2023's Online Casino of the Year title, posted an adjusted EBITDA of €3.7 million

2023 Feb 21

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Entain Discusses the "Sportainment" Campaign Before the Fury-Paul Fight

Before this weekend's boxing contest between Tommy Fury and Jake Paul, Entain has called attention to the growth of exhibition bouts and "sportainment."
After being postponed twice, the eagerly awaited fight between Fury and Paul is scheduled for February 26. Entain stated that the pair have contrib

2023 Feb 28

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Sports Betting Income in the United States Increased 58% Year on Year in January

January established a new single-month revenue record for commercial gaming in the United States.
According to a report collected by the American Gaming Association (AGA), the gambling industry earned $5.5 billion in January 2023.
State regulators gathered the data from gaming sector wins in traditi

2023 Mar 20

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In a Contract With Hard Rock Digital Playtech Spends $85 Million for a Minority Stake

Related News

Citizen and Novibet Have a Partnership for Cardless Transactions in Ireland

Revenue for LeoVegas's Fourth Quarter Increased by 1% from the Previous Year

Entain Discusses the "Sportainment" Campaign Before the Fury-Paul Fight

Sports Betting Income in the United States Increased 58% Year on Year in January