Tag Archives: playtech plc

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 …

Read More »

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 & …

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 »

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 …

Read More »

UKGC digital compliance lead Richard Bayliss joins Playtech Plc

FTSE-listed gambling technology provider Playtech Plc has confirmed the appointment of Richard Bayliss as its new Regulatory Compliance Manager. Bayliss joins Playtech’s group compliance team, from the UK Gambling Commission where he served as the UKGC’s Senior Online Manager (2006-2018). In his new role Bayliss will be a key corporate stakeholder in leading the direction of Playtech’s group responsible gambling initiatives and strategy. …

Read More »

Strengthened infrastructure delivers positive Q3 results for Greek OPAP

Publishing its Q3 2017 trading update (period ending 30 September), Greek gambling group OPAP has detailed strong gains in its betting products and video lottery terminals (VLTs) as the firm homes in on full-year corporate targets and expectations. Updating the market, OPAP would detail group gross gaming revenues of €357 million up 12% on corresponding Q3 2016’s €319 million. Improved …

Read More »

Teddy Sagi sells 10% shareholding in Playtech Plc targeting $400 million cashout

Playtech founder Teddy Sagi continues to divest his shareholdings in the company, having issued a trading note detailing that personal investment vehicle Brickington Trading Limited is preparing to sell approximately 32 million share in Playtech Plc. Updating investors, Brickington will place approximately 10.1% of Playtech issued share capital up for sale. At present value, Playtech Plc shares are valued at …

Read More »

Alan Jackson – Successful M&A and integrations will keep Playtech ahead of the pack

Ahead of today’s Annual General Meeting of Playtech Plc shareholders, company Chairman Alan Jackson has stated that he is confident that the FTSE firm will maintain its strong momentum and meet its full-year expectations. As Chairman, Jackson notes that the company has added a significant number of acquisitions which must now be integrated within Playtech’s core business divisions in order …

Read More »

Playtech completes CFH Group acquisition

Updating the market, leading industry platform and technology provider Playtech Plc has confirmed that it has completed its acquisition of Consolidated Financial Holdings A/S (CFH Group). Playtech governance had first announced its approach for CFH Group this November, with the company prepared to pay $120 million (£95 million) for the financial trading systems developer. Confirming its deal through a regulatory …

Read More »

Teddy Sagi cashes in on 10% of Playtech Plc

Financial news sources have reported this morning, that Teddy Sagi, founder of Playtech Plc has sold 10% of his equity in the FTSE-listed gambling technology supplier. The news sees Sagi one of the UK’s richest businessmen reduce his stake in Playtech from 33.6 to 23.6%. The sale transaction of 32.2 million shares will be carried out by Sagi’s investment firm …

Read More »