Tag Archives: playtech

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 …

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Betfred and Playtech create ‘unique’ horse racing bingo game

Gambling technology company, Playtech, has partnered with Betfred to introduce a new horse racing-themed bingo variant – Giddy Up Bingo. The launch has been described as a 50-ball, multi-stake variant which gives players the option to pick one of four horses – each representing a different ticket price – with proportionally increasing prizes depending on the stake.  Within the game, …

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Playtech CEO Mor Weizer throws full weight behind TTB takeover 

Mor Weizer, Group Chief Executive of Playtech Plc, has revealed his intentions to help the bid of M&A suitor TTB Partners Limited, which seeks to acquire the FTSE250 gambling technology group.  The board of Playtech disclosed Weizer’s intentions in an update to investors regarding the firm’s current outlook and status. On 2 February, a collective of Asian investors, led by …

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GambleAware £16m industry donations list led by bet365

GambleAware has published the list of operators which made financial contributions to the responsible gambling charity during the first three quarters of the 2021/22 fiscal year.  A total of £16 million was donated to the organisation by UK betting operators, which are requested to contribute 0.1% of their gross gaming yield to the group. Overall, bet365 led the donations list …

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Playtech notifies of rebound offer from TTB Hong Kong

Playtech Plc has shed further light on yesterday’s general meeting of investors that failed to approve Aristocrat Leisure’s £2.7 billion offer to acquire the FTSE250 technology group outright – a deal recommended by the board of directors. Further to yesterday’s GM, Playtech’s board was contacted by Hong Kong investment fund TTB Partners Limited ‘on behalf of an investor group’. The …

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Playtech to develop horse racing content in Jockey Club partnership

Playtech and the Jockey Club have entered into a new strategic partnership, centred around the development of cross-product content.  The five-year deal will see Playtech produce content based on the Jockey Club’s network of racecourses and fixtures, with the firm having secured the rights to develop the features across its casino, live casino, poker, virtual sports and bingo verticals.  Brokered …

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Aristocrat strategy to remain unchanged following Playtech acquisition fall through

Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech. Issuing a statement this morning, Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of …

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Playtech reviews alternative options as proxy votes reject Aristocrat takeover

The board of Playtech Plc has this morning communicated that its designated £2.7 billion sale to Aristocrat Leisure will likely be rejected by shareholders. The statement follows proxy votes ahead of today’s official vote on Aristocrat’s bid, that have failed to meet the minimum threshold 75% of votes cast needed for Playtech governance to approve the transaction. ASX-listed Aristocrat began its …

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Playtech stands by Aristocrat deal amid rumours of Asian investors revolt

The board of Playtech Plc has this morning responded to media speculation of a ‘contingency plan’ to break-up its business units, should the sale of the company be thwarted by a ‘collective of Asian shareholders’. As reported by Sky News, boardroom concerns loom at Playtech that the recommended £2.7 billion takeover offer made by Aristocrat Leisure will be voted down …

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JKO withdraws from Playtech bidding contest to pave the way for Aristocrat takeover

JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …

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