Tag Archives: playtech

Playtech Plus500 deal at risk following further FCA delays

SBC News Playtech Plus500 deal at risk following further FCA delays

The decision by the UK Financial Conduct Authority (FCA) regarding Playtech’s $460 million acquisition of contract broker Plus500 has been pushed back to December. Playtech’s acquisition sees a further delay, having been stalled in September following UK regulatory delays, despite gaining approval from the Cyprus Securities and Exchange Commission. On Wednesday Plus500 governance issued a statement that the terms of …

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Playtech pushes on with Q3 revenue rise

SBC News Playtech pushes on with Q3 revenue rise

Industry supplier Playtech has posted a 47% increase in revenues for the third quarter with increases in all divisions, apart from poker. The growth has been boosted by the company’s recent acquisitions, the figure would be around half if they were discounted, but it still represents impressive progress for the firm. Regulated revenues accounted for over half of group revenues …

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Mecca Bingo launches Playtech ONE omni-channel solution

SBC News Mecca Bingo launches Playtech ONE omni-channel solution

Rank Group subsidiary Mecca Bingo, has launched omni-channel system Playtech One across its entire product range, with a view to enhance player engagement, optimise content and bridge customer access to its games inventory. Playtech ONE’s launch across Mecca Bingo omni-channel inventory, has been supported by this year integration of Playtech’s retail server system, which services the bingo operator entire 2300 …

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Playtech continues its strong 2015 momentum with 47% Q3 revenue rise

SBC News Playtech continues its strong 2015 momentum with 47% Q3 revenue rise

Issuing a Q3 2015 trading update, Playtech Plc announced metric growth in all key verticals (apart from online poker), as the FTSE listed gambling technology provider recorded a 47% rise in group revenues to €170.9 million (Q3 2014: €116.5 million). The gambling technology provider continues its strong 2015 momentum, recording 21% revenue uplift to €75 million for its online casino …

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Andrew Bagguley departs as Ladbrokes Digital MD

SBC News Andrew Bagguley departs as Ladbrokes Digital MD

Industry news source EGR Magazine has broken the news that Ladbrokes Managing Director of Digital Andrew Bagguley has left the operator after only six months in the leadership role. Bagguley the former Ladbrokes Director of Mobile Devices (January 2014 – April 2015), had been promoted to the role vacated by incumbent CEO Jim Mullen, with the aim to continue the …

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Playtech reveals Central Bank of Ireland (CBI) opposition to Ava Trade acquisition

SBC News Playtech reveals Central Bank of Ireland (CBI) opposition to Ava Trade acquisition

Playtech governance has revealed that the Central Bank of Ireland (CBI) has opposed its acquisition of currency trading platform and Ava Trade. The CIB’s opposition comes having been granted approval of its $105 million (£65 million) from the Financial Services Commission in the British Virgin Islands. Playtech governance issued the following short statement regarding the matter “Late on October 2, …

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Playtech’s Plus500 acquisition delayed by further regulatory assessments

Playtech governance has issued an update regarding its acquisitions of financial trading operators Ava Trade and Plus500. Alerting its investors and the media, Playtech governance stated that it expects to complete its $105 million takeover of Ava Trade by the end of September or early October. However, the gambling technology provider has met regulatory delays concerning its £460 million acquisition …

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Playtech agrees to power Talarius retail brands

SBC News Playtech agrees to power Talarius retail brands

Playtech has confirmed that it has entered a retail provisions and software agreement with UK high street gaming hall operator Talarius. Talarius operator of high street gaming halls Quicksilver and Adult Gaming Centres’ will migrate its existing retail platform to Playtechs retail enterprise management system. Playtech will be charged with integrating its system across 92 retail outlets operated by Talarius. …

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Playtech records 33% H1 revenue growth as regulated market activity pay dividends

SBC News Playtech records 33% H1 revenue growth as regulated market activity pay dividends

Following a period of concentrated acquisition activity in the financial services sector, igaming technology and provisions provider Playtech Plc has announced its unaudited Interim H1 2015 results (period ending 30 June), recording growth on all key performance metrics . Playtech H1 2015 performance overview The FTSE 250 listed company, saw a revenue rise of 33% to €286 million (H1 2014 …

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