With so many developers, platforms and casino operators to choose from, choosing a casino can be a difficult process. To help you navigate the gaming market and choose a platform that’s right for you, we’re taking an in-depth look at one of the most well-known names in slots: Playtech. This article will give you an overview of how they work and what they have going on behind the scenes.
Who is Playtech?
Playtech is a leading provider of software, services and solutions to the global gaming industry. They have a presence in more than 100 countries and are a publicly-traded company, listed on both the London Stock Exchange and the Tel Aviv Stock Exchange. Playtech delivers a unique, innovative software platform, the Smart Live Studio, to the global gaming industry. If you’ve got questions or need help choosing a platform, why not speak to a Playtech staff member? You may be pleasantly surprised by what you learn. The reason we all play at casinos is that it gives us an outlet to spend money. And spending money on video games can lead to some pretty ill-gotten gains for some.
Playtech: The Play, The Platforms and the Games
Playtech is the leading online gaming software provider and is the world’s fifth-largest gaming software company. Playtech is a publicly-traded company on the London Stock Exchange and listed on the FTSE 250 Index. Playtech develops the software and platforms used by their clients to offer online gaming to their customers. They also offer in-house automation services alongside robust services for hosting and maintaining online gaming networks. The company employs approximately 4500 people and manages a diverse portfolio of online properties in the gambling, hospitality, and education sectors. One of the company’s core products is their Red Flag Technology “Live TX” technology which includes a full-featured casino operating system and a slot software platform.
The website talks about their live operations in Manchester, UK, and their goal is to increase their slots volume by 25% within 12 months. What you see here is a streamlined and professional website that tells you a lot about their business operations, ways they get customers and more. You can learn a ton from just checking this website out.
What You Need To Know About Slot Payouts
You need to know that each slot machine has a specific payout. It is the ratio of the number of coins that you win to the number of coins that you bet. The difference between the average payout and the total payout is what is known as the “house edge”. The house edge is expressed as a percentage. Keep in mind that software (and casino software in particular) changes constantly. Players tend to get frustrated with the fact that the last page of how a particular software works changes unexpectedly. It’s important to know that it’s not within your power to measure everything. For example, in the video, you’ll see Playtech said that they can’t guarantee they calculate your returns every time. However, the tool has been used on and off since 1998 and uses a lot of custom variables that help determine wins/losses. These various forms of online gambling have very different metrics and algorithms.
Who Are They?
At its essence, Playtech is a gaming technology division of a company called Tron. They bring together thousands of skilled programmers, artists, engineers, and many more specialists into one company to stay competitive when compared to other gaming operators.
According to Forbes, over $1.3 billion between them make $2.7 billion in profits each and every year. They also own two larger technology firms. On one hand, they have a lot going on: “The two companies control 85% of the worldwide tablet market and 80% of the land-based Internet market defined as accessing the Internet through ‘smart glass’ devices. New wireless technology also connects 25 million sets of television sets, reaching consumers living in homes with large screens.” On the other hand, their status among technology companies is fairly small: Their market cap is only at $13.06 million.
What Are Their Products?
They are most famous for their slot systems. LoJack is their flagship and it’s the world’s most popular slot game. The most common type of slot machine is a “one-armed bandit”. The machine usually takes coins or tokens and may pay prizes in the form of coins or tokens. Rewards can include free drinks or snack breaks as well as add an element of luck. Since there’s often a limited supply of these types of machines, the odds of winning on a dirty flip or hold “game” are drastically increased for the operator who’s built a strong reputation and a great machine.
- Players place their bets and are then dealt from several different jacks or machines of varying quality. In a nutshell, it’s all about picking the right machine and paying attention to the playing field.
- One of the most common casino rules that Playtech follows is to only allow people who have been to a previous Playtech casino before to play. There’s nothing that states you have to take your chances with a one-armed bandit, but it’s important to add a high level of security just in case. Aside from reputation, advertising (via the apps, websites and media), and word-of-mouth, security and maintenance are usually the most significant factors in keeping slot machine losses to a minimum.
- The main target of the operation is to ensure that all of the machines are operating correctly. Most of the machines at the top of the market are the more expensive ones, so it’s also of primary importance to ensure that these machines are set up properly. Some of the most common maintenance issues that Playtech has to deal with are the following:
- Maintenance: The machine is monitored and must be serviced at least monthly along with new secure passwords. The machine must also be checked for mechanical issues that could cause it to stop functioning smoothly.
- Video Marketing: Playtech is involved in video marketing such as banners, billboards, and social media marketing.
Why Are Playtech Games So Popular?
Playtech is one of the leading mobile gaming developers in the world. The company has been around for over a decade, and it specializes in making high-quality gambling games. The company is also known for its non-gambling games, but it is most popular for its gambling games. So, let’s dive in and get a better idea of what’s great about Playtech, including some of the major parts of their platform.
So, what is it exactly that makes Playtech one of the best places to go to get an overview of how their site works? Well, first and foremost, it’s what they call ‘In-House Software Development.’ This type of program is meant to follow certain rules and steps set by the company as part of the development approval process. This allows them to use extra development team members to work on other projects when playing app casino games.
The gained effort would simply cause them to repeat the program. Instead, the dev team handles other things before adding these features to the app. In-House Software Development is where the professional developers come into play, and it’s worth mentioning that this program is often the difference between best and worst in terms of the final product.
