Tag Archives: Ava Trade

FTSE listed gambling technology provider Playtech has confirmed that it has withdrawn its application to buy forex financial trading platform Ava Trade. As expected, the technology provider terminates its acquisition deal which had met regulatory opposition from the Central Bank of Ireland (CBI). Playtech confirmed that its CBI appeal had been allowed by the Irish Financial Services Appeals Tribunal on …

UK newspaper The Evening Standard reports that FTSE 250 gambling software provider Playtech’s cash pile could  see more consolidation in the gambling industry’s services provision, even suggesting that it could make a £500 million acquisition bid for competitors OpenBet and Inspired Gaming. The newspaper cites UBS Equity Research Director Tal Grant, who states that Playtech governance will be eager to …

Playtech governance has given up its planned £460 million acquisition of online contracts broker Plus500. Agreed in June, the acquisition of London listed Plus500 has met several regulatory delays. Last Wednesday the UK Financial Conduct Authority (FCA) detailed to Playtech that due to “certain concerns raised” it would have push back its assessment of Plus500 to December. The further FCA …

The decision by the UK Financial Conduct Authority (FCA) regarding Playtech’s $460 million acquisition of contract broker Plus500 has been pushed back to December. Playtech’s acquisition sees a further delay, having been stalled in September following UK regulatory delays, despite gaining approval from the Cyprus Securities and Exchange Commission. On Wednesday Plus500 governance issued a statement that the terms of …

Issuing a Q3 2015 trading update, Playtech Plc announced metric growth in all key verticals (apart from online poker), as the FTSE listed gambling technology provider recorded a 47% rise in group revenues to €170.9 million (Q3 2014: €116.5 million). The gambling technology provider continues its strong 2015 momentum, recording 21% revenue uplift to €75 million for its online casino …

Playtech governance has revealed that the Central Bank of Ireland (CBI) has opposed its acquisition of currency trading platform and Ava Trade. The CIB’s opposition comes having been granted approval of its $105 million (£65 million) from the Financial Services Commission in the British Virgin Islands. Playtech governance issued the following short statement regarding the matter “Late on October 2, …

Playtech governance has issued an update regarding its acquisitions of financial trading operators Ava Trade and Plus500. Alerting its investors and the media, Playtech governance stated that it expects to complete its $105 million takeover of Ava Trade by the end of September or early October. However, the gambling technology provider has met regulatory delays concerning its £460 million acquisition …

Following a period of concentrated acquisition activity in the financial services sector, igaming technology and provisions provider Playtech Plc has announced its unaudited Interim H1 2015 results (period ending 30 June), recording growth on all key performance metrics . Playtech H1 2015 performance overview The FTSE 250 listed company, saw a revenue rise of 33% to €286 million (H1 2014 …

Gambling technology provider Playtech Plc continues its expansion into the financial trading markets, with the announcement that it has acquired currency trading platform Ava Trade for a sum of $105 million (£67 million). The technology provider will utilise the acquisition to expand the development of its financial trading platform and further its client services. In April Playtech began its initial …