Tag Archives: playtech

Playtech eyes soft games boost with Eyecon £50 million acquisition

FTSE-listed Playtech Plc continues its industry M&A strategy confirming the acquisition of specialist ‘soft games’ developer Eyecon for a maximum consideration of £50 million. Playtech will pay an upfront cash fee of £25 million for its acquisition of Brisbane-based Eyecon assets. The technology firm has added a further £25 million in performance-based targets once the initial acquisition is complete. Detailing …

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Playtech hires Alex Latner as new General Counsel

FTSE-listed gambling technology provider Playtech Plc has confirmed that it has appointed long-term legal adviser Alex Latner as its new General Counsel.  Latner has prior experience of working with Playtech governance, having advised the company as a partner of London law firm Berwin Leighton Paisner (BLP) on several corporate acquisitions, important industry transactions and legal disputes. The appointment of Latner …

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Playtech opens Bucharest live gaming studio

Seeking to optimise its live gaming content services, FTSE-listed gambling technology firm Playtech Plc has confirmed that it has opened a ‘state-of-the-art’ studio facility in Bucharest (Romania) to cater for growing demand in licensees in newly regulated Eastern European markets. The Bucharest studio will employ native dealers in live broadcasts for Playtech gaming content clients. The new studio will further …

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Playtech transfers Ron Hoffman to lead new financial services division

FTSE-listed gambling technology provider Playtech Plc has this morning confirmed that group CFO Ron Hoffman will be transferred to the position of Chief Executive for its financial services division. The transfer will see Hoffman further step down from the board with immediate effect. Hoffman’s group leadership position will be replaced by current Head of Investor Relations Andrew Smith. Playtech governance …

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‘Add, Swap or Remove’…bet365 launches ‘Edit Bet’ functionality

Independent online bookmaker bet365 has released its new ‘Edit Bet’ feature, which enables customers to ‘add, swap and remove selections’ from their wagers in both pre-match and in-play markets. Seeking to boost its market choices, the Edit Bet feature will be made visible within the bookmaker’s betslip functionality once its ‘Cash-Out’ option is live, thus allowing bet365 customers to ‘change …

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Playtech launches cross-border network with RAY and win2day

RAY - Copyright: freestocker / 123RF Stock Photo

Finnish company RAY and Austria-based win2day have agreed an ‘industry-first’ deal to share cross-border poker liquidity on the Playtech network. The two companies will launch a joint network which pools their Finnish and Austrian player bases, with customers of each brand able to access Playtech’s omni-channel poker products. Playtech said the deal, which was made possible by the recent approval …

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Playtech targets €50 million in share buyback programme

FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …

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Spread betting firms count the cost of UK FCA clampdown

Business news sources have reported that around £1 billion has been wiped off the value of UK-listed spread betting operators, following the Financial Conduct Authority’s (FCA) industry clampdown on ‘contract for difference’ (CFDs). Yesterday the regulatory body proposed a number of new measures aiming to protect inexperienced consumers and improve overall industry standards. The measures include the introduction of risk …

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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 …

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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 …

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