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Playtech has unfurled a five-year contract extension with Flutter Entertainment regarding the group’s Paddy Power, Betfair, and Sky Casino brands

Under the terms of the agreement, Playtech will provide its products and services to all three brands for their online gambling and live casino offerings.

“Flutter is one of Playtech’s key strategic partners, and so this new long-term agreement to supply our innovative software and services across four key product verticals is significant,” stated Shimon Akad, chief operating officer at Playtech

“This is testament to the long standing and strong relations between Flutter and Playtech, and we look forward to continuing to work with Flutter in its core markets to support Paddy Power, Betfair and Sky Casino over the next five years.” 

This five-year deal is lauded by the gambling tech firm as representing a “significant extension” to its long-term collaboration with the “key strategic partner,” with Playtech products and services to become available in Flutter’s operations across Europe. 

In addition, Playtech will continue to provide exclusive dedicated studios for Paddy Power, Betfair and Sky Casino with respect to their live casino offerings, including the exclusive launch of Sky Vegas Live Casino in early 2021.  

Conor Grant, CEO of Flutter’s UK&I division, added: “We are pleased to have signed an extension agreement with Playtech. Over the years we have built a very successful partnership and are excited to continue offering our customers access to software from one of the world’s leading suppliers of high-quality gaming product.”

Last week, Playtech documented the impact of the ongoing health crisis upon its 2020 operations, with key B2C and B2B revenue drops bringing a 25 per cent group-wide decline to €1.07bn (2019: €1.44bn) for the year.

The company said that it was “severely impacted by COVID-19″ primarily due to the cancellation of sporting events worldwide and the closure of land-based units, with the firm also stating that it’s “cautious about retail recovery”.