The board of Playtech Plc has stated confidence in achieving the group’s full-year 2022 commercial and corporate objectives following ‘an excellent start to year trading’. Issuing a snapshot trading update, the FTSE250 gaming technology group revealed that positive Q1 trading had generated unaudited EBITDA results of more than €100 million, with the ‘run rate continuing through to April’. Strong EBITDA …
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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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The UK Gambling Commission (UKGC) has revealed that it has received an ‘incorrect data supply’ from William Hill in its efforts to monitor online gambling trends during the COVID-19 pandemic. Since March 2020, the UKGC has published monthly breakdowns reporting on the key criteria of total wagers, gambling yield by product type, active player accounts and average customer session times. …
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Reporting growth across all core metrics and strong progress on its year objectives, 888 Holdings has upgraded its full-year 2020 earnings to be ‘significantly ahead of its prior expectations’. Publishing its 2020 interim results (period ending 30 June), 888 has recorded a 37% increase in group revenues to $379 million (H12019: $277m) which the company stated was largely driven by …
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William Hill is raising a war chest to fund its long-term growth ambitions, mainly in the US sports betting market. Alongside a positive trading statement on Tuesday 16 June, the FTSE250 betting group said it intends to issue a new ordinary share placement for 19.99% of its existing share capital. CEO Ulrik Bengtsson was upbeat about the company’s performance over …
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GVC Holdings has this morning confirmed the promotion of Grainne Hurst to the position of Group Corporate Affairs Director, becoming a member of the FTSE250’s firm’s executive leadership team. Hurst has formerly served as GVC’s Director of Responsible Gambling, a position she held since the Group’s acquisition of the Ladbrokes Coral Group in March 2017, where she led the company’s …
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Publishing its latest trading update (17-43 week period ending 28 October), FTSE250 William Hill Plc details ‘rapid US progress’, however, the betting group cannot escape its UK woes. Despite progress on its digital agenda, William Hill’s 2018 trading has been impacted by negative sporting results and further group-wide adjustments undertaken to counter a tougher UK regulatory environment. Continuing its digital …
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FTSE250 industry technology group Playtech Plc has confirmed this morning that it will sell its entire holding of ordinary shares in CFD trading platform Plus500. Updating investors, Playtech governance has sanctioned the sale of 11.4 million shares in Plus500, targeting a sale price of ‘1,550 pence per ordinary share’ – £176 million (€196m/$228m). Playtech’s current holding represents approximately 10% of Plus500’s issued …
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The Shaked Family the largest shareholders in 888 Holdings, have earned a reported £108 million by selling 40 million shares in the FTSE250 listed online gambling group. The family executed its share sale last week at a value of £2.70 per share and will see the combined Shaked shareholding reduced to 37% of equity. Israeli business news sources report that …
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