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 …
Read More »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 …
Read More »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. …
Read More »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% …
Read More »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 …
Read More »Sky Betting & Gaming renews long-standing Playtech partnership
Sky Betting & Gaming has renewed its partnership with Playtech by agreeing a multi-product deal which extends across Playtech’s dedicated Live Casino environment. The long-standing partnership has facilitated year-on-year growth within gaming, live and bingo verticals at Sky Bet, who recently picked up an inaugural award recognising marketing excellence and innovation across the Playtech Casino network of global licensees. For example, …
Read More »John Pettit – Playtech BGT: Unifying individual strengths, dynamics & intelligence
Unifying all of its sports betting assets under the Playtech BGT Sports division, leading industry technology provider Playtech aims to bring market innovation through the optimal convergence of its joint products, services and user engagement mechanisms. John Pettit Managing Director of Playtech BGT UK, Ireland, Australia & Asia details to SBC readers his firm’s serious intent at challenging the sports …
Read More »Mor Weizer- Playtech: Convergence to be dominant industry trend in 2017
Speaking to industry media, Mor Weizer CEO of market leading platform and technology provider Playtech Plc, has stated that 2017 will be the year of ‘cross channel convergence’ for industry stakeholders. Asked what will be the dominant industry theme/trend in 2017, Weizer did not hesitate to answer, by stating that convergence would see real B2B through to B2C progress this …
Read More »Playtech eyes soft games boost with Eyecon £50 million acquisition
FTSE-listed Playtech Plc continues its industry M&A strategy confirming the acquisition of specialist ‘soft games’ developer Eyecon for a maximum consideration of £50 million. Playtech will pay an upfront cash fee of £25 million for its acquisition of Brisbane-based Eyecon assets. The technology firm has added a further £25 million in performance-based targets once the initial acquisition is complete. Detailing …
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