Scientific Games Corp. (http://finance.yahoo.com/q?s=SGMS), manufacturer of video lottery terminals and other gaming systems, announced that it will form a joint venture with Playtech Limited (http://bvi-companies.blogspot.com/2007/02/playtech-limited.html), a gaming software developer registered in the British Virgin Islands. The entity called Sciplay and formed with the purpose to develop new products will focus on the online market for government-regulated lottery and gaming.
Scientific Games and Playtech (http://www.londonstockexchange.com/exchange/prices-and-news/stocks/summary/company-summary.html?fourWayKey=VGG7131X1078GBGBXAMSM) will also work together on developing gaming terminals using Playtech’s Videobet software and technology expertise. Both companies said their partnerships will not make significant impact on the earnings of Scientific Games in 2010, but will add some earnings to Playtech. In the next year, the joint venture is expected to boost earnings at both companies.
Scientific Games Corp., manufacturer of video lottery terminals and other gaming systems, announced that it will form a joint venture with Playtech Limited, a gaming software developer registered in the British Virgin Islands. The entity called Sciplay and formed with the purpose to develop new products will focus on the online market for government-regulated lottery and gaming.
Scientific Games and Playtech will also work together on developing gaming terminals using Playtech’s Videobet software and technology expertise. Both companies said their partnerships will not make significant impact on the earnings of Scientific Games in 2010, but will add some earnings to Playtech. In the next year, the joint venture is expected to boost earnings at both companies.