January 21, 2010: summarized from ABC News -- Scientific Games Corp., a maker of video lottery terminals and other gaming systems, said Thursday it's joining forces with gaming software developer Playtech Ltd. to develop new products.
The two companies will form a joint venture called Sciplay, which will focus on the online market for government-regulated lottery and gaming. The online games will include poker, instant games, sports and others.
"We anticipate that Internet (and associated multimedia distribution) will be the next large wave of growth in gaming," said Mike Chambrello, CEO of Scientific Games.
Richard Weil will be the managing director of Sciplay. He formerly was president of Fun Technologies, an online games company. Weil also has been vice president of international sales at Scientific Games.
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