The current crop of super-mergers between online betting companies is all good news for Playtech, the software giant.

Playtech

The deals – all among Playtech's current customers – include Betfair and Paddy Power which would create a £6bn giant and Ladbrokes and Coral, worth £2.3bn.

The deals are the fallout from the upping of taxation and stiffer regulations, but Playtech is set to benefit from the consolidation. Mor Weizer, the CEO at Playtech, is quoted as confident that business would rise, rather than fall, from the mergers.

“This is an opportunity to further strengthen our relationship with them. The beauty of the business model of Playtech is that is all about profit-sharing business.” Coming on top of the fact that Playtech is already an investor in Ladbrokes and will therefore expect to pick up dividends from that, it all sounds promising for the Israel-based company.

Playtech has issued half-year results showing pre-tax profits up 11.6 per cent to €85.8m and revenue up 33.4 per cent to €286m. Only the gaming division showed a less-than-satisfactory result.