Estonia’s Online Gambling Success Story
Estonia has many success stories in the IT sector. Playtech is one of them.
Playtech games can be found on some of the best online casino sites on the planet. Playtech dominates multiple casino verticals, including virtual and live-dealer gambling.
Playtech started in Estonia in 1999. The online gambling market in the late 90s was still very new. Playtech's competition did business with scam sites and shady casinos. Most of PlayTech's competitors went under. Play tech built a reputation of integrity and quality. Top Play Tech casinos by CasinosOnline list includes some of them.
Playtech was founded in 1999 by Teddy Sagi. In 2001, they launched their first products. They were valued at almost $1 billion at the time. Playtech moved to the London Stock Exchange in 2006.
Playtech's share price plummeted 40% in a single day after the Unlawful Internet Gaming Enforcement Act was passed in the US in 2006. Playtech went on a buying spree and bought smaller competitors to consolidate their presence.
Playtech is one of the LSE's 250 biggest companies. Playtech has almost 6,500 employees globally and offices in over 24 countries. They have 170+ global gambling licenses.
Playtech is a successful online gambling company based in Estonia. The company's greatest fall in 2006 was due to the U.S. ban on online betting.