Tag Archives: playtech plc

Playtech confirms Susan Ball governance departure

Issuing a short statement, FTSE250 gambling technology group Playtech Plc has informed that Susan Ball has chosen to step down as a company Non-Executive Director and member of the board. Updating stakeholders, Playtech governance confirms that Ball will officially leave her role at the end of the month, with the executive seeking to ‘pursue new business opportunities’. Ball has served …

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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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Playtech confident of 2019 prospects as governance seeks new Chairman

FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …

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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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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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Teddy Sagi sanctions full cash out from Playtech Plc

Representatives of Playtech enterprise founder Teddy Sagi, have today disclosed that the Israeli billionaire has sold his entire remaining shareholding in the FTSE250 technology group. The family office of Teddy Sagi informs that personal investment fund ‘Brickington Trading Ltd’ has approved the sale of 15,193,489 shares in Playtech Plc targeting a £85-90 million transaction, administrated by Credit Suisse Securities. Updating the media, Sagi …

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Ader’s Springowl returns to gambling eyeing major changes at Playtech Plc

Renowned US activist investor Jason Ader has returned to the gambling scene, securing a reported $100 million stake in FTSE250 gambling technology group Playtech Plc. Ader’s ‘Springowl’ hedge fund is a specialist in activist investments, targeting underperforming listed enterprises and applying pressure on corporate governance to undertake major structural changes. The Times reports that Springowl is pressuring Playtech governance to …

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Industry growth guru Susan Ball joins Playtech Plc governance

FTSE250 technology group Playtech Plc has confirmed that industry governance veteran Susan Ball will join its Board of Directors as a Non-Executive Advisor, from 1 August 2018. Last June, Ball departed the governance team of competitor Kambi Group Plc, where she acted as Non-Executive Director and chair of the firm’s Audit Committee (2014 – 2018). A former senior partner at Ernest & …

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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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Diversified Playtech posts 2017 growth despite facing end of year turbulence

Publishing its full-year 2017 results (period ending 30 December) FTSE250 gambling technology supplier Playtech Plc has delivered metric growth in-line with corporate expectations, despite facing headwinds in both its regulated and unregulated operations. The industry technology provider reports full-year 2017 group revenues of €807 million, up 14% on corresponding FY 2016’s €708 million. Closing its 2017 accounts, Playtech governance declares …

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