Tag Archives: M&A

Alan Jackson – Playtech continues to focus on ‘strong commercial pipeline’ & ‘shareholder returns’

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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Isle of Man has strong approach to player protection

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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Ladbrokes secures £1.35bn funding for Coral merger

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 takes Chartwell and Cryptologic businesses for £80m

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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London Baby Sponsor Profile: Iforium

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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Bwin admits to talks amid rumours of £1.2bn takeover

Bwin.party has admitted to the stock markets that it has been looking at a variety of different partnerships as it looks to create value for shareholders, as rumours persist that the Amaya Group has been making moves to snap up the operator with a £1.2bn takeover offer. In a statement, it revealed: “Further to recent media speculation regarding a possible …

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Scientific Games agrees $5.1bn Bally deal

Scientific Games Corporation is to by Bally Technologies in a deal worth US$5.1bn. “The acquisition of Bally provides us with a unique opportunity to combine two exceptional companies with long track records of creating leading-edge games and gaming technology products for players and delivering innovative solutions to our customers,” said Gavin Isaacs, Scientific Games’ President and Chief Executive Officer. “With …

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Five ways to safeguard your job in a merger

Dr Peter Chadha, Managing Partner of E-gamingexperts.com, and CEO of DrPete Inc – has been an advisor on technology to some of the largest e-gaming companies in the world. Through working closely with board directors and senior management during M&As and IPOs, he has experienced close hand the challenges stakeholders face, and reflects upon what is needed to survive. The …

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Betting Promotion Sweden Acquires Tain Gaming

Swedish sports betting software supplier Betting Promotion has agreed the purchase of igaming software developer Tain from gambling company Atletico Nordic. The  acquisition of Tain Gaming has been set at approximately SEK44.3 million (€5 million/$6.9 million), and will see Tain services fully acquired including subsidiaries Tain Ukraine, Tain Malta, Tain International and WL Services. Betting Promotion had been eying the …

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