Tag Archives: Plus500

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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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 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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Playtech continues FX expansion with Ava Trade $105 million acquisition

SBC News Playtech continues FX expansion with Ava Trade $105 million acquisition

Gambling technology provider Playtech Plc continues its expansion into the financial trading markets, with the announcement that it has acquired currency trading platform Ava Trade for a sum of $105 million (£67 million). The technology provider will utilise the acquisition to expand the development of its financial trading platform and further its client services. In April Playtech began its initial …

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Plus500 upgrades sponsorship of Atlético Madrid

SBC News Plus500 upgrades sponsorship of Atlético Madrid

Plus500 the financial trading platform, at the centre of a takeover bid by igaming technology provider Playtech has announced that it has upgraded its sponsorship of Spanish La Liga football club Atlético Madrid, Spain’s third biggest football club. From season 2015/2016 Plus500 is set to be the official shirt sponsor of “Los Colchoneros” (Atlético Madrid’s nickname). The Israeli trading platform …

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Playtech plans £250 million fundraise for Plus500 acquisition

Igaming technology provider Playtech has announced that it plans to raise £250 million to fund its planned £450 million acquisition of financial trading platform Plus500. Playtech is prepared to sell +29 million new shares, an equivalent of a 9.9% stake in the company. Playtech founder Teddy Sagi will retain 33% holding in Playtech via Brickington Holdings Company, Sagi is prepared …

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Plus500 reactivates 20% of client base

Financial trading operator Plus500, the company which is currently a £460 million takeover target of leading igaming technology provider Playtech has proceeded to reactivate customer accounts. Plus500 sees itself at the centre of an anti-money laundering investigation by the UK Financial Conduct Authority (FCA). The regulator has halted Plus500’s abilities to trade and service transactions, which has seen the company’s share …

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Plus500’s largest shareholder Odey AM slams Playtech acquisition offer

SBC News Plus500's largest shareholder Odey AM slams Playtech acquisition offer

Hedge fund Odey Asset Management (Odey AM), the largest shareholder in Playtech takeover target Plus500 is set to oppose the £460 million takeover bid put forward by the igaming technology provider last week. Odey AM has slammed the offer made by Playtech, labelling the bid as “opportunistic”, since it exploits Plus500’s current UK trading difficulties. Odey  further noted that Playtech …

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Playtech hires Neil Offord as Chief Analyst

SBC News Playtech hires Neil Offord as Chief Analyst

Igaming and gambling technology supplier Playtech has confirmed the hire of BDO Capital Markets Neil Offord as its new Chief Analyst. Offord who led BDO’s transactions services division, has extensive knowledge of igaming and sports betting corporate reporting and analysis having worked on numerous industry projects. Offord has further gained crucial analyst experience and insight having worked on international mergers, …

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