Tag Archives: Alan Jackson

SpringOwl backs Aristocrat takeover of Playtech

SpringOwl, the independent buyout firm of activist gambling investor Jason Ader, has outlined its support for Aristocrat’s $3.7 billion (£2.7bn) takeover of Playtech Plc.  This morning, Playtech confirmed that it had approved Aristocrat’s 680 pence per share (58% premium) offer to be recommended to investors of the FTSE250 technology group. SpringOwl is listed amongst Playtech’s private investors that will vote …

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Playtech shareholders revolt on succession duties

Playtech Plc faces a shareholder revolt with regards to how the company handled succession duties following the departure of Alan Jackson as Non-Executive Chairman last year. The Times reported that shareholders of the FTSE250 technology group are unhappy that Playtech’s board suspended its executive search for Jackson’s replacement last May – a move that saw Claire Milne extend her role …

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Playtech trades with confidence to mitigate first stage COVID-19 impacts

Playtech Plc corporate performance remains in-line with expectations despite its business units trading in unprecedented circumstances. Playtech explained that its performance is currently tracking better than the company had anticipated in publishing its mid-March COVID-19 update.  Publishing a snapshot of key metrics, Playtech detailed a ‘strong Q1 2020 period’, in which the FTSE technology group delivered an adjusted EBITDA of …

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Playtech suspends Chairman search after appointing Milne as interim board lead 

Playtech Plc has confirmed the appointment of Claire Milne as Interim Company Chair, succeeding Alan Jackson who chose to end his seven-year tenure as Chairman of the FTSE250 technology group at the start of the year. Assessing market dynamics interrupted by the global COVID-19 pandemic, Playtech detailed that it has chosen to delay its executive search for a new permanent …

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Playtech 2019 revenue growth outdone by costs & duties 

FTSE250-listed Playtech Plc will continue to review its corporate divisions and underlining strategy after full-year results for 2019 showed core unit growth subdued by further Asian market impacts and severe declines across its TradeTech financial services unit. Playtech recorded a 22% increase in corporate revenues to €1.5 billion (FY2018: €1.25bn), as the technology group’s ‘Core B2B’ division delivered a 15% …

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B2B and SNAITECH growth gives Playtech confidence in future prospects

Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …

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Playtech confirms Susan Ball governance departure

Issuing a short statement, FTSE250 gambling technology group Playtech Plc has informed that Susan Ball has chosen to step down as a company Non-Executive Director and member of the board. Updating stakeholders, Playtech governance confirms that Ball will officially leave her role at the end of the month, with the executive seeking to ‘pursue new business opportunities’. Ball has served …

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Playtech confident of 2019 prospects as governance seeks new Chairman

FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …

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US thinking Playtech appoints Massion & Krumins as corporate advisers

The governance of FTSE gambling technology group Playtech Plc has moved to expand its corporate advisory, confirming the appointments of Anna Massion and John Krumins as new Independent Non-Executive Directors – with immediate effect. Updating investors, Playtech details that the Massion and Krumins appointments will diversify the FTSE firm’s corporate governance capacities and make-up. A seasoned executive in corporate finance …

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