Tag Archives: mor weizer

TotalCasino launch sees Playtech up Polska profile with Totalizator Sportowy

FTSE-listed gambling technology group Playtech Plc has announced the launch of TotalCasino (TotalCasino.pl) – Poland’s first regulated online casino in partnership with state-owned national lottery operator Totalizator Sportowy. Entering 2018, Playtech had been selected by Totalizator Sportowy as its lead digital systems provider, with the legacy Polish operator seeking to expand its services. Totalizator Sportowy has run Poland’s lottery services for …

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Ader’s SpringOwl demands a Playtech ‘clean break from Teddy’

According to The Times, US activist investor Jason Ader has called on Playtech Plc to sever all ties with Israeli enterprise founder Teddy Sagi. During the course of 2018, Ader’s New York hedge fund SpringOwl Asset Management has been building up its investment in struggling FTSE250 Playtech Plc – demanding that the governance undertake a group-wide shake-up, boosting returns for investors. …

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Tough Asia backdrop sees Playtech issue new profit warning

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

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Consob clears path further for Playtech’s Italian takeover

Playtech has received a further green light in its €846 million (£741 million) purchase of Snaitech SpA, after the Italian financial market’s supervisory authority Consob, cleared the path for the mandatory takeover of the remaining shares not already owned by the group. The gambling software development firm had previously announced an initial acquisition of 70.6 per cent of the Italian …

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Playtech given green light for Snaitech acquisition

Gambling software development company Playtech has confirmed that it has received approval to buy a majority stake in Italian betting and gaming firm Snaitech SpA from the gaming regulator in Italy. The major industry supplier had agreed to buy a 70.6% stake in Snaitech back in April, for €846 million (£741 million). The deal is expected to close next month, and …

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Playtech moves into Italy with €846m Snaitech acquisition

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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Playtech wins Totalizator Sportowy Casino & Games contract

Poland’s national lottery operator Totalizator Sportowy has selected Playtech Plc as the lead systems supplier for its online casino platform and games portfolio. The FTSE250 industry technology firm won the exclusive contract following a competitive tender process by Totalizator Sportowy governance. Moving forward, Playtech will integrate its complete online casino platform and games suite, with the technology further providing digital …

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Mor Weizer: Playtech –  ‘Local Heroes’ can overcome 2018’s challenge

Opening the ‘Playtech Academy’ at ICE 2018, Group Chief Executive Mor Weizer details that company leadership is unfazed by the radically changing regulatory landscape impacting all industry stakeholders. Leading Playtech Plc since 2007, Weizer states that his firm’s services and operations have helped tier1 clients overcome all previous regulatory challenges, 2018 is therefore no new phenomenon for the FTSE technology supplier. …

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Asia slowdown and bingo delivery issues see Playtech miss 2017 market forecast

Ahead of its Q3 trading update (released on 14 November), FTSE-listed gambling technology firm Playtech Plc has issued a corporate update detailing that it has experienced a slowdown in Asia and problems with the delivery of its Sun Bingo supplier contract. Updating investors, Playtech governance has detailed that the combined impacts will see the technology firm deliver annual profits 5% …

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Proven Player! Playtech delivers strong all metric growth performance for H1 2017

Presenting its H1 2017 results (period ending 30 June), FTSE-listed gambling technology group Playtech Plc has declared a strong ‘cash generating’ performance recording growth throughout its core metrics combined with KPI gains across its product divisions. Driven by growth in its ‘regulated markets’ activity, combined with the strong performance of its flagship casino division (up 28%), Playtech would achieve period …

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