Tag Archives: Eddie Jordan

Playtech lauds global proficiency as board weighs up future outcomes

Playtech Plc has delivered 2021 results above its expected guidance, as the FTSE250 technology group continues to consider its long-term strategic options.  Updating stakeholders in its full year results for 2021, Playtech reported a 12% increase in revenue from €1,078.5 million to €1,205.4 million – driven by growth of its B2B and B2C units.  Revenue growth was coupled with a …

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Playtech stands by Aristocrat deal amid rumours of Asian investors revolt

The board of Playtech Plc has this morning responded to media speculation of a ‘contingency plan’ to break-up its business units, should the sale of the company be thwarted by a ‘collective of Asian shareholders’. As reported by Sky News, boardroom concerns loom at Playtech that the recommended £2.7 billion takeover offer made by Aristocrat Leisure will be voted down …

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JKO withdraws from Playtech bidding contest to pave the way for Aristocrat takeover

JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …

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JKO secures Bhargava backing in hot pursuit of Playtech  

Eddie Jordan, who leads JKO Play’s takeover pursuit of Playtech Plc, is reported to have secured the financial backing of former Party Gaming enterprise co-founder Vikrant Bhargava.  The Sunday Times reported that the British Indian tycoon will serve as a co-financier of JKO’s bid that requires its submission to Playtech governance by 2 February. As stands, Playtech governance has backed …

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Playtech reschedules JKO offer confirmation date as shareholder meetings adjourned

Playtech Plc has announced that the make or break deadline by which JKO should confirm its intentions with regards to a takeover of the gaming content and technology developer. Under the initial terms, JKO would have until 5:00pm on 5 January 2022 to make a firm offer to buy Playtech, but the revised conditions will see the company have until …

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Aristocrat welcomes Playtech sale of Finalto division

Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been welcomed by the gaming content …

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Gopher withdraws from Playtech bidding war

Gopher Investments has withdrawn from its pursuit to acquire Playtech Plc, confirming that it will propose no counteroffer to investors of the FTSE250 gambling technology group. The Hong Kong investment vehicle that maintains a 5% shareholding in Playtech, had previously stated its intent to table a counteroffer against the £2.7 billion deal put forward by ASX games manufacturer Aristocrat Leisure. …

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Playtech confirms JKO approach as bidding war looms against Aristocrat takeover

The board of Playtech Plc has moved to confirm media speculation that it has been approached by a third suitor seeking to acquire the FTSE250 gambling technology group. This morning, Playtech governance confirmed that on 5 November, a ‘preliminary approach’ was made by JKO Play Limited, a consortium led by former F-1 team owner Eddie Jordan and Scientific Games executive …

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Former F1 team manager Eddie Jordan to lead $1bn bid for OpenBet

Eddie Jordan, the Irish businessman who made his name in Formula One management and analysis, is leading a $1 billion bid for Scientific Games’ OpenBet sports betting division, according to The Currency. The planned takeover was reportedly confirmed by former Australian Formula One racing driver Mark Webber in an Instagram post, describing the development as ‘a mega acquisition in gaming’. …

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