Playtech Plc has issued a further legal update on its ongoing service fee dispute with its Mexican joint-venture partner, Caliplay. Updating investors, the FTSE250 gambling technology group responded to a Mexican court order filed by Caliplay on 5 October, which sought the “annulment of its legal relationship with Playtech and its related parties.” Playtech states that it has “accepted service …
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Playtech enters US retail betting scene via Ohio partnership with Gold Rush
Playtech Plc will make its ‘US retail debut’ in Ohio having struck a new betting terminals supplier partnership with Gold Rush LLC. The FTSE250 technology group will supply its retail kiosk terminals and management systems to 50 Ohio-based Gold Rush Gaming and Amusement locations. Dealmakers seek to activate the partnership ahead of this Sunday’s Super Bowl LVII final featuring the …
Read More »Playtech stands by ‘long term prospects’ following TTB rejection
The board of Playtech Plc has informed investors that Hong Kong investment fund TTB Partners will no longer submit a takeover offer for the FTSE250 gambling technology group. Issuing a statement, TTB detailed that “due to challenging underlying market conditions it is not intending to make an offer for Playtech Plc”. TTB’s withdrawal follows Playtech’s board granting the Hong Kong …
Read More »Playtech extends TTB Partners deal submission to 15 July
The board of Playtech Plc has this morning announced that Hong Kong fund TTB Partners has been granted an extension period to submit a deal to acquire the FTSE250 technology group. TTB Partners’ previous deal submission deadline was due by 17 June, a date that has been extended to Friday 15 July, as Playtech governance informed investors that ‘discussions between …
Read More »Playtech lauds global proficiency as board weighs up future outcomes
Playtech Plc has delivered 2021 results above its expected guidance, as the FTSE250 technology group continues to consider its long-term strategic options. Updating stakeholders in its full year results for 2021, Playtech reported a 12% increase in revenue from €1,078.5 million to €1,205.4 million – driven by growth of its B2B and B2C units. Revenue growth was coupled with a …
Read More »JKO secures Bhargava backing in hot pursuit of Playtech
Eddie Jordan, who leads JKO Play’s takeover pursuit of Playtech Plc, is reported to have secured the financial backing of former Party Gaming enterprise co-founder Vikrant Bhargava. The Sunday Times reported that the British Indian tycoon will serve as a co-financier of JKO’s bid that requires its submission to Playtech governance by 2 February. As stands, Playtech governance has backed …
Read More »Playtech stands by Aristocrat deal as Gopher eyes bidding war
Playtech Plc has responded to media speculation regarding a counterbid that existing shareholder Gopher Investments will table to take control of the FTSE250 gambling technology group. This Sunday, Sky News reported that Gopher – a Hong Kong-based investment vehicle that maintains a 5% shareholding in Playtech – will launch an expected £3 billion counteroffer, triggering a bidding war against ASX …
Read More »Bingo renewal sees Playtech cover all core igaming verticals for Rank Group
Playtech Plc has announced its latest ‘tier-1 gambling extension’ as Rank Group Plc renews its lead online bingo supplier agreement with the FTSE technology group for a further five years. Rank’s bingo extension follows its decision to upgrade all igaming provisions (online casino and poker) onto Playtech systems, supporting the heritage UK gambling operator’s group transformation objectives. Playtech will continue …
Read More »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 …
Read More »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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