Tag Archives: mor weizer

Playtech calls for internal review following PTES failures 

SBC News Playtech calls for internal review following PTES failures 

Playtech will implement a review of the ‘group’s position’ led by Interim chair Claire Milne, in response to the UK Gambling Commission (UKGC) publishing its investigation into ‘systemic failings’ of defunct subsidiary PT Entertainment Services (PTES).  The Board of FTSE technology group confirmed that it ‘takes full responsibility and apologises for the regulatory breaches’, emphasising that the AML and social …

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Playtech trades with confidence to mitigate first stage COVID-19 impacts

SBC News Playtech trades with confidence to mitigate first stage COVID-19 impacts

Playtech Plc corporate performance remains in-line with expectations despite its business units trading in unprecedented circumstances. Playtech explained that its performance is currently tracking better than the company had anticipated in publishing its mid-March COVID-19 update.  Publishing a snapshot of key metrics, Playtech detailed a ‘strong Q1 2020 period’, in which the FTSE technology group delivered an adjusted EBITDA of …

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Playtech to power RETAbet casino drive

SBC News Playtech to power RETAbet casino drive

Playtech Plc has become lead online casino platform and live table games supplier for Spanish online bookmaker RETAbet (Retabet.es). RETAbet is the online sportsbook property of Basque country gambling group Euskal Kirol Apostuak SA, which has sanctioned Playtech to boost RETAbet’s online casino capacity. The partnership sees Playtech provide RETAbet with a tailored casino suite featuring the technology firm’s high-performance gaming …

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SpringOwl targets restructuring Playtech’s executive pay policy

SBC News SpringOwl targets restructuring Playtech's executive pay policy

The Financial Times reports further boardroom drama brewing at FTSE250 gambling technology group Playtech Plc, as US hedge fund SpringOwl, pushes governance to restructure the firm’s executive remuneration policies Led by renowned activist investor Jason Ader, SpringOwl is reported to want Playtech governance to install a more incentivised executive pay package, structured on share options over cash rewards. SpringOwl’s reported …

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GVC commits to deeper technical arrangement with Playtech

SBC News GVC commits to deeper technical arrangement with Playtech

FTSE100 online gambling group GVC Holdings has this morning announced that it has signed an agreement with Playtech Plc ‘covering a new long-term commercial relationship’. Playtech has formerly served as the lead platform and systems supplier for the GVC acquired properties of Ladbrokes and Coral UK. Integrating Ladbrokes Coral assets during the course of 2018, industry analysts wondered what type …

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Tough 2018 sees Playtech place efficiency in scale as driver for 2019 growth

SBC News Tough 2018 sees Playtech place efficiency in scale as driver for 2019 growth

Publishing its full-year 2018 results, FTSE250 gambling technology group Playtech Plc states that it closes a ‘year of many challenges’, as governance places returning shareholder value and capital at the top of its agenda. Operating within a much-changed global gambling landscape, Playtech B2B and B2C divisions continue to adjust to Asian market downturns and regulatory headwinds across the UK and Italy. Despite facing …

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TotalCasino launch sees Playtech up Polska profile with Totalizator Sportowy

SBC News 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’

SBC News 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

SBC News 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

SBC News 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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