Playtech and High 5 Games sign distribution deal
Agreement will see a "double-digit" number of H5G's games offered to Playtech's partners.
Playtech has agreed a game distribution deal with High 5 Games (H5G) which will see the latter’s titles offered in regulated jurisdictions to the Israeli egaming platform provider’s partners.
The agreement will see a “double-digit” number of H5G’s games distributed and the deal was finalised at last month’s European iGaming Congress and Expo (EiG) in Barcelona.
H5G was behind the development of IGT’s Da Vinci Diamonds game, which launched on IGT’s DoubleDown Casino in June.
Playtech CEO Mor Weizer said of the deal: “We are thrilled to be working with High 5 Games, who has established itself as one of the best game creators in the industry. This relationship will allow Playtech to continue to offer market-leading products to all of our valued partners.”
This week, Playtech announced in its third quarter results that its share of profit from the joint venture with William Hill was up a record 50% year-on-year. Hills has begun its contractual valuation process of Playtech’s 29% stake in the JV, worth as much as £493m according to analysts, and will make an further announcement in February next year, according to CEO Ralph Topping.
Both IGT and Bally Technologies have signed multi-year agreements with H5G in recent months, with a view to publishing the latter’s games under their brands.