Tag Archives: mor weizer

Playtech boosts omni-channel capabilities with Best Gaming Technology acquisition

FTSE-listed Playtech Plc continues to strengthen its position within the sports betting market by confirming to acquire Best Gaming Technology for €138 million (£115 million). The ‘all-cash’ acquisition sees Playtech secure a 90% stake in the Vienna-based company, which specialises in retail based sports betting provisions, risk/ liability management and multi-channel odds feeds.   The announced deal will see BGT …

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Francesco Rodano joins Playtech as Chief Policy Officer

Former Italian Head of Remote Gaming for the Agenzia delle Dogane e dei Monopoli (AAMS), Francesco Rodano has joined Playtech Plc’s executive team as Chief Policy Officer (CPO). A European regulatory expert, Rodano will advise and guide Playtech on international policy corporate initiatives and practices within the context of further new regulations entering the gambling sector. As Head of Remote …

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Playtech commits to Quickspin €50 million acquisition

Industry leading gambling technology provider Playtech completes its first major acquisition of 2016, by confirming that it has agreed to acquire Swedish igaming and social games content developer Quickspin AB for a maximum consideration of €50 million. Founded by the executive team of Daniel Lindberg (CEO), Mats Westerlund (CCO) and Joachim Timmermans (CPO) in 2011, Quickspin has become one of …

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Strong ‘Commercial Pipeline’ sees Playtech post 38% revenue surge in 2015

New client acquisitions, combined with the continued growth of Tier 1 UK digital accounts (Sky B&G, Gala Coral, Ladbrokes and Betfair) have helped Playtech Plc post full-year 2015 revenues of €630 million up 38% on 2014’s corresponding €457 million. Declaring 2015 corporate results (period ending 31 December), Playtech governance was pleased to announce top-line metric growth on all its core division. …

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ICE 2016 – Mor Weizer: Playtech growth to be led by omni-channel & deeper intelligence focus

Addressing industry news sources yesterday morning at ICE 2016, Playtech CEO Mor Weizer detailed that omni-channel competencies combined with dynamic data/intelligence gathering would lead his firm’s future growth strategy. Noting a higher scope for increasing player values and better user retention rates by clients, Weizer stated that Playtech future development and innovation would be led with the aim of  creating ‘best-in-class’ industry …

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Playtech wins News UK bingo supplier contract

Playtech online bingo software subsidiary Virtue Fusion has announced that it has won the supplier contract to operate News UK brands’ ‘Sun Bingo’ and ‘Fabulous Bingo’. Virtue Fusion will replace long time supplier Gamesys (since 2008) as the bingo network for News UK bingo brands. The partnerships sees the Virtue Fusion network gain one of the UK’s largest bingo rooms, …

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Playtech continues its strong 2015 momentum with 47% Q3 revenue rise

Issuing a Q3 2015 trading update, Playtech Plc announced metric growth in all key verticals (apart from online poker), as the FTSE listed gambling technology provider recorded a 47% rise in group revenues to €170.9 million (Q3 2014: €116.5 million). The gambling technology provider continues its strong 2015 momentum, recording 21% revenue uplift to €75 million for its online casino …

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Playtech sees first rewards from Ladbrokes Gala Coral merger agreement

Playtech will become the first winner of the Gala Coral Ladbrokes merger as the gambling technology provider is set to receive £75 million under a new marketing services and provisions agreement arranged with Ladbrokes Plc. The £75 million sum will be paid to Playtech upon the completion of the merger. At present the technology firm currently acts as platform and …

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Playtech continues FX expansion with Ava Trade $105 million acquisition

Gambling technology provider Playtech Plc continues its expansion into the financial trading markets, with the announcement that it has acquired currency trading platform Ava Trade for a sum of $105 million (£67 million). The technology provider will utilise the acquisition to expand the development of its financial trading platform and further its client services. In April Playtech began its initial …

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Playtech plans £250 million fundraise for Plus500 acquisition

Igaming technology provider Playtech has announced that it plans to raise £250 million to fund its planned £450 million acquisition of financial trading platform Plus500. Playtech is prepared to sell +29 million new shares, an equivalent of a 9.9% stake in the company. Playtech founder Teddy Sagi will retain 33% holding in Playtech via Brickington Holdings Company, Sagi is prepared …

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