The Board of Playtech Plc has informed investors that Brian Mattingley has chosen to stand down as Chairman of the FTSE 250 gambling technology group. The confirmation of Mattingley’s forthcoming departure was announced alongside Playtech informing investors of agreed changes to its Board structure and duties. The former long-standing Chief Executive and Chairman of 888 Holdings, and a founding director …
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The board of Playtech Plc has confirmed the appointment of Samy Reeb as a new Independent Non-Executive Director of the FTSE250 gambling technology group. An expert in tax management and auditing of mass market corporations, Reeb is a former director of EY and Credit Suisse, leading the management of tax affairs for key clients in the US and Asia. Further …
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The board of Playtech Plc has notified investors of Andrew Smith’s decision to step down as Chief Financial Officer (CFO) of the FTSE250 gambling technology group. By mutual agreement, Smith will leave the business on 28 November, ending his seven-year tenure as Playtech Group CFO. Playtech informed that Smith had chosen to leave the company due to ‘personal reasons’, with …
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The board of Playtech Plc has informed investors that Hong Kong investment fund TTB Partners will no longer submit a takeover offer for the FTSE250 gambling technology group. Issuing a statement, TTB detailed that “due to challenging underlying market conditions it is not intending to make an offer for Playtech Plc”. TTB’s withdrawal follows Playtech’s board granting the Hong Kong …
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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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