India, May 28 -- Playtech plc (PYTCY,PTEC.L), a gambling software development company, on Wednesday announced that it has signed an agreement regarding German Happybet assets with NetX Betting Ltd., a subsidiary of pferdewetten.de AG (EMH.BE).
Under the agreement, pferdewetten.de may contract with franchise partners for HAPPYBET shops in Germany and will also take ownership of certain associated hardware.
There will be a transition period for pferdewetten.de to talk with franchise partners and get approvals. Any HAPPYBET assets not taken over will be shut down and closed.
Playtech began the sale process for its German operations in March 2025, aligning with its strategy to focus primarily on B2B operations.
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