The board of Playtech Plc has notified investors of Andrew Smith’s decision to step down as Chief Financial Officer (CFO) of the FTSE250 gambling technology group. By mutual agreement, Smith will leave the business on 28 November, ending his seven-year tenure as Playtech Group CFO. Playtech informed that Smith had chosen to leave the company due to ‘personal reasons’, with …
Read More »
Playtech Plc has carried out a comprehensive review of options to refinance €530m of senior secured notes and the terms of its revolving credit facility (RCF) – both due to mature in Q4 2023. The review of debt financing options was outlined to investors in Playtech’s H1 Interim Results announced on 22 September. The FTSE250 technology group has entered an …
Read More »
The onboarding of Snaitech, coupled with positive trading across its B2B operations, contributed heavily to a strong performance for Playtech throughout H1 2022. Publishing its interim report this morning, the betting and gaming supplier outlined a revenue increase of 73% to €792.3m (H1 2021: €457.4m), coupled with EBITDA of €203.8m – a 64% rise on the 2022 figure of €124.1m. …
Read More »
Gambling’s convergence with sports and media launched the Leaders Track at the SBC Summit Barcelona, in a keynote discussion led by DAZN Chief Executive Shay Segev – a leader at the coalface of the industry’s next evolution. The former CEO of FTSE100 Entain Plc, Segev drew global headlines at the start of the year by joining DAZN, the OTT sports …
Read More »
Alex Gersh, a former executive with two prominent names in the sports betting space, has filled the Chief Financial Officer (CFO) vacancy at Paysafe. The new hire joins the payments platform from Sportradar, where he has served as CFO since July 2020, overseeing a period of strong growth for the Swiss-based sportstech and data firm, as well as its successful …
Read More »
Seeking to continue updating its sports betting products and services, Codere has inked a partnership with XB Net, incorporating North American horse racing content in its offering. The deal includes live pictures, data and betting services from 60 North American racetracks, which will be distributed across the Spanish operator’s retail and online channels. Key objectives of the partnership for Codere …
Read More »
Xtremepush has confirmed this week that it will work alongside Playtech to enhance player communications for users of both solutions. Through the player engagement partnership, companies using both the Playtech software and the Xtremepush platform will benefit from access to “advanced personalisation and segmentation” functionalities. This includes personalised, real-time messaging across email, SMS, push notifications and a range of other …
Read More »
The board of Playtech Plc has suspended plans to divest its shareholding in Mexican B2C joint-venture Caliplay. Announced during Q1 trading, Playtech revealed that it had entered discussions with JV partner Caliente Interactive to merge Caliplay with a SPAC vehicle that would subsequently list the company on a US stock exchange. This afternoon, Playtech issued a short statement, confirming that …
Read More »
Playtech Plc has secured a major technology agreement to supply its live casino suite and further RNG games to 888 Holdings’ North American subsidiaries. The partnership will begin with a roll-out of Playtech Live casino games on the 888Casino platform licensed for the state of New Jersey. The 888Casino brand has operated in New Jersey since 2019 as one of …
Read More »
Playtech’s hopes for a new owner may have been raised, as Irish businessman Eddie Jordan has reportedly renewed his interest in the company, according to The Times. The newspaper stated today that Jordan is ‘understood to be considering returning to the table’ after a bid for Playtech from Hong Kong investment fund TTB Partners fell through last week. TTB’s deadline …
Read More »
SBC News Voice of the Sports Betting Industry