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Playtech Takes Full Responsibility for Its Subordinate’s Shortcomings

Playtech Takes Full Responsibility for Its Subordinate's Shortcomings
Playtech Takes Full Responsibility for Its Subordinate's Shortcomings

One of the leading British online casino content developers Playtech has just announced that the company is taking full responsibility for its subordinate’s shortcomings. According to the company’s officials, Playtech will be also making a donation of $4.3 million or £3.5 million as one of its ways to take full responsibility for mistakes done by the PTES or PT Entertainment Services Limited former subsidiary.

According to one report released by the Racing Post news outlet, officials at Playtech revealed that the monetary donation will be given to several charities that primarily work on tacking harm and damage related to gambling. Revealed by the same news outlet, that one-time money donation will be also joined with analogous money contributions worth $6.1 million or £5 million which will be given over the course of the following five years.

Details About Playtech

The Isle of Man-based company was founded in 1999 which makes it one of the longest-standing online casino content developers alongside two other huge brands Microgaming and NetEnt. As one of the iGaming industry’s pioneers and leading names, Playtech is a privately-owned company that has almost six thousand employees in nineteen countries where it has offices.

The company is the iGaming industry’s leading services and software supplier with business partners across the globe. Today, the company operates across many fully regulated, licensed mobile, retail and online casino gaming operators, traditional land-based casino groups as well as government-supported entities such as state lotteries.

Playtech’s powerful online gaming software that comes packed with live casino, casino, poker, sports betting, and bingo services are used by some of the most reputable iGaming operators. What is even more, the company’s Playtech ONE omni-channel offers all interested operators and their players an excellent, anytime, anywhere, and seamless experience across all channels and products including retail, mobile and online. What is even more, Playtech also offers its impeccable market experience, CRM solutions, and much more to all of its clients.

Over the years of its presence in the industry, Playtech has won many prestigious awards for its contribution to the industry including the Game of the Year award by the Gaming Intelligence 2018 for the Age of the Gods series of slot games. As one of the leading names in the world of online casino gaming, Playtech has a number of subsidiaries that operate under its brand and one of them used to be PT Entertainment Services Limited or PTES.

PTES Limited’s and Lack of Social Responsibility Protocols

According to several news outlets, it was determined by the United Kingdom Gambling Commission that PT Entertainment Services Limited had been deficient when it comes to its anti-money laundering and social responsibility protocols. This former Playtech subsidiary was responsible for the iGaming domains at Winner.co.uk and TitanBet.co.uk.

These shortcomings in its business operations were revealed last week once an official investigation by the United Kingdom Gambling Commission was concluded. It was also revealed that these shortcomings have also played an important role in the suicide of Chris Bruney who was a young player who had run up massive debts with the aforementioned sites worth around $41,690 or £34,000. These shortcomings and different infractions could have potentially resulted in Playtech being ordered to pay a fine of £3.5 million even though the company managed to escape such a financial sanction thanks to closing down PTES Limited before the United Kingdom Gambling Commission initiated any inquiry.

Playtech’s Chief Executive Officer Mor Weizer said that his company is taking full responsibility for the shortcomings of its former subsidiary even though the PTES’s license issued by the United Kingdom Gambling Commission had been surrendered many months ago.

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