FTSE250-listed Playtech Plc will continue to review its corporate divisions and underlining strategy after full-year results for 2019 showed core unit growth subdued by further Asian market impacts and severe declines across its TradeTech financial services unit. Playtech recorded a 22% increase in corporate revenues to €1.5 billion (FY2018: €1.25bn), as the technology group’s ‘Core B2B’ division delivered a 15% …
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Industry compliance software provider Rightlander has committed to offering its compliance solution to Playtech operators after securing a new partnership with the gaming technology company. Under the terms of the new agreement, Rightlander will offer its technology alongside Playtech’s IMS platform, delivering a range of affiliate compliance tools such as the automated compliance monitor, a PPC Monitor, a proactive affiliate …
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Industry figurehead Susan Ball has joined the board of governance of fast growth betting platform and systems provider FSB, advising the company on its corporate expansion strategy amid changing market and regulatory demands. Issuing a market filing, FSB expands its governance appointing Ball as a Non-Executive Director, working closely with CEO Dave McDowell as FSB prepares for ‘rapid expansion across …
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Industry platform provider FSB has strengthened its leadership team by confirming that Rob Wheeler has joined the company as its new Business Development Director. The new appointment is hoped to help support FSB’s global expansion, with further senior appointments due to be announced in due course. Commenting on his new role, Wheeler said: “I’m delighted to have joined FSB at …
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The UK Gambling Commission (UKGC) has confirmed that it will create three new focus groups to help facilitate the implementation of safer gambling standards. Led by senior leaders in the gambling industry, the three collaboration groups will focus on game and product design, advertising technology and high value customer incentives to gamble. The initiative, which is said to be the …
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FTSE gambling group Playtech Plc has strengthened its compliance and transactional monitoring capacities by integrating TruNarrative ‘single platform’ KYC solutions. The partnership will see Playtech B2C customers benefit from a single platform managing compliance provisions for age and ID verification, document validity, PEP, sanction screening, KYC referencing and further customer protections. In its update, Playtech management details that it has …
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Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …
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Playtech Plc has detailed further information on its ‘long-term’ technology agreement with Aquila Global, operator of ‘Wplay Colombia’, which was confirmed this morning in the FTSE250 firm’s latest trading update. Servicing Aquila Global, Playtech will act as ‘strategic technology lead’ integrating its omni-channel systems and further marketing services for the flagship Wplay property. Wplay operates Colombia’s biggest retail betting network …
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Publishing its latest year-to-date trading update, the governance of Playtech Plc has disclosed that full-year adjusted EBITDA will be below market consensus, despite the firm’s ‘core business’ segments continuing to perform strongly. The FTSE250 technology group attributes its earnings slowdown to financial unit ‘TradeTech’, which expects 2019 results to be ‘well below management expectations’. Updating investors, Playtech governance informs that …
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There are times when writing a monthly column for SBC News presents a challenge. This is one of those months. It’s not because of the paucity of potential content. It’s because of the sheer volume of potential content. As it happens, there is a common thread running through all that I write about below, particularly with a General Election looming …
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