Playtech was founded in 1999 by the Israeli entrepreneur Teddy Sagi in Tartu, Estonia, with partners from the casino, software engineering and multimedia industries.

Playtech launched its first casino product in 2001, and since then it has grown to become the world's leading and largest international designer, developer and licensor of web and mobile application software to the digital gaming industry, whose customers are most of the blue chip companies in this industry (William Hill, Ladbrokes, Bet365 in the UK, Snai and Sisal in Italy, etc.

[12] In July 2016 Playtech acquired rival operator Best Gaming Technology (BGT) for €138m, as betting groups continue to react to the wave of consolidation that has swept through the industry.

[14] With Playtech's licensing contract with Marvel Comics expiring on 31 March 2017,[15] the provider announced a new partnership with Warner Bros in February 2017 for the development of slots based on DC Comic feature films such as Batman v Superman: Dawn of Justice, The Dark Knight Trilogy, Suicide Squad and Justice League.

BetBuddy's behavioural identification and modification software will be integrated with Playtech's current player management system in the hopes it can identify and help problem gambling quicker.

[19] In January 2018, Playtech finalised the integration of Featurespace's machine learning real-time fraud detection platform into its information management systems.

[26] In April 2020, Playtech appointed non-executive director Claire Milne as interim chairman after former chair Alan Jackson indicated his intention to step down following the company's 2020 annual general meeting.

[29] Following media reports of the controversy, Playtech agreed to pay the £3.5 million and chairperson Claire Milne promised to personally apologize to Bruney's family.

It was implemented in the UK by casino game designer Geoff Hall, inventor of Blackjack Switch and currently has more than 60 members of staff.

Most importantly in order to maintain the liquidity needed to operate a successful poker network, each of these skins shares the same player pool.

[42][43][44] In April 2022, Playtech announced a TV game content and production partnership with Entains British betting and gambling company Ladbrokes.