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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Sports betting software and online gaming supplier Playtech is set to be purchased by Australian-listed gaming manufacturer Aristocrat Leisure, which has announced a cash offer of £2.7 billion for the FTSE250 technology group. Aristocrat aims to leverage the company to boost its revenues, ‘operate and innovate’ in the European market through the acquisition’s Snaitech division, reach a broader range of …
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Playtech Plc has delivered on its strategy to simplify the company and focus on ‘core B2B’ growth by divesting its final non-core business asset ahead of a critical second half of 2021. This morning, Playtech confirmed that it had reached definitive terms to sell financial trading division Finalto to Barinboim Group – a private consortium led by Leumi Partners and Menora …
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The board of 888 Holdings has formed a new ‘Environment, Social and Governance’ (ESG) committee to help structure and guide the FTSE250 online gambling group’s corporate social responsibility (CSR) duties and objectives. The ESG Committee will be led by Lord Jon Mendelsohn, 888’s forthcoming non-executive Chairman who will take leadership of the firm’s corporate governance duties from May onwards. A …
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Brian Mattingley’s appointment as the new company chairman of Playtech Plc has been welcomed by company investor Jason Ader and his asset management company SpringOwl. Though the appointment was branded as conservative in some quarters with Mattingley due to finish his 15-year CEO and Chairmanship tenure at 888 Holdings, Ader believes that Mattingley will play a critical role in Playtech’s …
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Playtech Plc has announced Brian Mattingley as its new company chairman, bringing its near two year search for a successor to Alan Jackson to a close. Mattingley, who is in the final days of his 15 year tenure as Executive Chairman of 888 Holdings, has agreed to join FTSE250 Playtech. Mattingley is due to leave 888 this May, having announced …
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888 Holdings has filed a notice with the London Stock Exchange, confirming that Lord Jonathan Mendelsohn will replace Brian Mattingley as its designate company chairman. The appointment of Lord Mendelsohn as new chairman is scheduled to take place at 888’s next annual general meeting in May 2021, with Mattingley officially resigning from all governance duties. In its notice, 888 highlighted …
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The board of 888 Holdings has confirmed the inbound appointment of Yariv Dafna as its new Group CFO, replacing long-term incumbent Aviad Kobrine. Back in January, Kobrine confirmed that he would end his 15-year tenure as an 888 corporate and governance executive. Issuing a filing with the London Stock Exchange, 888 stated that Dafna will join the firm’s executive leadership …
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The board of 888 Holdings has expanded its governance advisory, confirming the appointment of Limor Ganot as a corporate non-executive director. A seasoned executive in corporate financing and strategic planning for technology enterprises, Ganot is the Managing Partner of US/Israeli venture capital fund Gefen Capital. An Israeli business figurehead, Ganot has further served as CO-CEO and VP of Business Development …
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Issuing a corporate filing, 888 Holdings has confirmed that Aviad Kobrine has chosen to end his 15-year tenure as Chief Financial Officer (CFO) of the LSE-listed online gambling group. Updating investors, 888 governance informs that Kobrine will continue to act as CFO until a replacement is found, helping company leadership through its transition period. Commenting on his upcoming departure, Kobrine said: …
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