Tag Archives: springowl

UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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Playtech shareholders revolt on succession duties

Playtech Plc faces a shareholder revolt with regards to how the company handled succession duties following the departure of Alan Jackson as Non-Executive Chairman last year. The Times reported that shareholders of the FTSE250 technology group are unhappy that Playtech’s board suspended its executive search for Jackson’s replacement last May – a move that saw Claire Milne extend her role …

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Jason Ader launches ’26 Capital’ SPAC on Nasdaq NY

M&A developments continue apace in the US market, as ‘26 Capital Acquisition Corp’ filed its initial IPO offering with a listing this morning on the Nasdaq Capital Market. Trading under the ticker ‘ADERU’, 26 Capital is the new ‘special purpose acquisition company’ (SPAC) of billionaire gambling investor Jason Ader, who serves as the company’s CEO. Debuting on the Nasdaq exchange, …

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Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling

Jason Ader has stated that his company SpringOwl, an ‘independent sponsor and buyout firm’, is tracking all developments of a disrupted global gambling landscape as ‘the pandemic has opened the market’. Speaking to SBC, Ader stated that he is neither undeterred by talk of ‘doom-and-gloom’ nor swayed by easy rhetoric related to ‘business accelerations’. Instead, Ader recognises that global gambling …

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SpringOwl targets restructuring Playtech’s executive pay policy

The Financial Times reports further boardroom drama brewing at FTSE250 gambling technology group Playtech Plc, as US hedge fund SpringOwl, pushes governance to restructure the firm’s executive remuneration policies Led by renowned activist investor Jason Ader, SpringOwl is reported to want Playtech governance to install a more incentivised executive pay package, structured on share options over cash rewards. SpringOwl’s reported …

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Ader’s SpringOwl demands a Playtech ‘clean break from Teddy’

According to The Times, US activist investor Jason Ader has called on Playtech Plc to sever all ties with Israeli enterprise founder Teddy Sagi. During the course of 2018, Ader’s New York hedge fund SpringOwl Asset Management has been building up its investment in struggling FTSE250 Playtech Plc – demanding that the governance undertake a group-wide shake-up, boosting returns for investors. …

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Jason Ader demands that Playtech refocus on gambling

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

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Ader’s Springowl returns to gambling eyeing major changes at Playtech Plc

Renowned US activist investor Jason Ader has returned to the gambling scene, securing a reported $100 million stake in FTSE250 gambling technology group Playtech Plc. Ader’s ‘Springowl’ hedge fund is a specialist in activist investments, targeting underperforming listed enterprises and applying pressure on corporate governance to undertake major structural changes. The Times reports that Springowl is pressuring Playtech governance to …

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SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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Springowl’s Silvers leaves bwin.party board

Daniel Silvers one of the non-executive directors appointed to the board of bwin.party Entertainment by investment fund Springowl has stepped down from the governance position. Silvers exits the bwin.party board having withdrawn from his position as Springowl President. Recommended by bwin.party activist investor Jason Ader CEO of Springowl (owner of 5.1% of bwin.party shares). Silvers had been appointed in May …

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