Playtech and Paysafe Extend Partnership, Target European Markets

Playtech (LON: PTEC) and Paysafe (NYSE: PSFE) announced on Monday the signing of a global partnership between their collaboration in the United Kingdom and Europe. It is an extension of an already existing partnership between the two companies from their existing ties in the US.

Playtech currently offers Paysafe’s payments solutions to its technology platform customers, especially the iGaming operators.

“Offering our iGaming partners market-leading technologies that deliver the most seamless and engaging experience to their customers is absolutely central to our strategy at Playtech,” Shimon Akad, Playtech’s Chief Operating Officer, said.

“Payments plays an important role in delivering the ultimate player journey and requires an experienced team with expert knowledge, which is where Paysafe comes in as the ideal partner for us.”

Next Step for Growth

The partnership came after both the platforms have completed the successful US integration with betPARX. Paysafe has been supporting the traditional and alternative solutions of the gaming platform’s iGaming brand Play Gun Lake in Michigan since Q2 of 2021. It was further extended for betPARX iGaming and sportsbook app in another two states, Pennsylvania and New Jersey, in the first quarter of this year.

“We are extremely happy with the progress of our relationship in the US and are truly excited about what we can achieve together in the UK and Europe,” Akad added.

Meanwhile, Playtech expanded its business significantly in the United States. It has launched new casino facilities in the country and inked deals with multiple new customers. It has launched several new partnerships in Canada.

“We’ve seen great success in the roll-out of our collaboration across multiple US state markets and are delighted to be extending this into the UK and Europe via the same, single technology integration,” said Paulette Rowe, Paysafe’s CEO of Integrated and Ecommerce Solutions.

“Bringing together our respective capabilities and deep expertise and understanding of the international iGaming, technology and payments industries represents an incredibly powerful combination, and I am looking forward to helping the Playtech team grow their business further in new European markets.”