Major industry supplier Playtech has pulled off an audacious move with an agreement to purchase Italian bookmaker Snaitech. The initial deal will see Playtech acquire 70.6% of the operator after which it will be compelled to make a mandatory takeover offer for all the remaining shares. Commenting on the transaction, Mor Weizer, Chief Executive Officer of Playtech said: “The acquisition …
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The degree to which the fortunes of the Stars Group and William Hill have diverged since their failed merger talks 18 months ago provides an interesting counterpoint to the current obsession with sector M&A. A recent note on Stars published by the Canadian analyst team at Canaccord Genuity noted that the company’s share price rose 54 percent in 2017, placing …
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The happenstance of bet365 and Sky Betting & Gaming (SBG) releasing results on consecutive days earlier this week rammed home an important message about the dominance of the market leaders in the UK online scene. The numbers were mightily impressive. Total net revenues from the gambling business at bet365 comfortably sailed past the £2bn barrier, up a huge 39 percent …
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A key stakeholder in industry affiliate Better Collective’s international expansion, Michal Kopec (Head of M&A) details his firm’s significant acquisition activity undertaken this summer. In a changing affiliate landscape, how should leadership stakeholders gauge and value potential affiliate assets. Furthermore, is affiliate M&A fully understood as a marketing expansion vertical. _____________________ SBC: Hi Michal, it’s been a busy period for …
Read More »Ladbrokes Coral CEO Jim Mullen has hailed the merged company’s first annual results announcement as a ‘very successful start’ for the enlarged group, with the combined results delivering 11% growth in revenues and a 22% increase in gross profits after tax. The standout performers are Ladbrokes Coral are the Digital division, which saw operating profit increase 125% and European Retail …
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Alan Jackson Chairman of Playtech Plc, has praised his firm’s strong opening to 2016, stating that the company’s commercial pipeline has continued its positive 2015 momentum. Updating investors at Playtech’s Annual General Meeting (AGM), Jackson detailed that the gambling technology provider had recoded improved core metrics maintaining growth in its average daily revenues. Playtech governance expects further corporate growth to …
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The Isle of Man has been hailed as a strong regulator when it comes to player protection laws. Speaking at the KPMG eGaming Summit Isle of Man, Annexio Managing Director Jennifer Houghton highlighted the regulations that help protect a player’s money as particularly successful. In a presentation on the ‘Multi-jurisdictional Licensing Process’, she commented: “One of the key strengths of …
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Listed bookmaker Ladbrokes has signed a £1.35 billion facility with a syndicate of relationship banks to provide committed financing for its proposed merger with Coral. The deal means that Coral’s existing debt of £1.4 billion won’t be carried over to the new group. The new facility has three tranches and will be available for drawing subject to completion of the …
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NYX Gaming Group has snapped up the Chartwell Technology and Cryptologic businesses from Amaya via a share purchase agreement valued at CA$150,000,000 (£80.8m). The transaction is anticipated to close before the end of the third quarter of 2015 and is subject to financing and other customary closing conditions. Amaya said that the sale is consistent with its previously announced plan …
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It’s two years since Phil Parry became CEO at Iforium, and he hopes that 2015 will see the firm’s Gameflex and Wagerflex solutions taken up by more operators than ever before. What has your company and its services and operations learned from 2014? 2014 proved a year of rapid progression and growth for Iforium. It saw Iforium expand the team, …
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