Tag Archives: TTB Partners

The whirlwind period of July to September of 2022 saw gambling caught up in a farce of political affairs, providing leadership no help to navigate the headwinds of a changing economic climate. Interim results saw all gambling PLCs outline deep concerns on averse macroeconomic trends driven by high inflation and the costs of living crisis. Challenging factors to test the …

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 …

The board of Playtech Plc has informed investors that Hong Kong investment fund TTB Partners will no longer submit a takeover offer for the FTSE250 gambling technology group.  Issuing a statement, TTB detailed that “due to challenging underlying market conditions it is not intending to make an offer for Playtech Plc”. TTB’s withdrawal follows Playtech’s board granting the Hong Kong …

The board of Playtech Plc has this morning announced that Hong Kong fund TTB Partners has been granted an extension period to submit a deal to acquire the FTSE250 technology group.  TTB Partners’ previous deal submission deadline was due by 17 June, a date that has been extended to Friday 15 July, as Playtech governance informed investors that ‘discussions between …

The board of Playtech Plc has stated confidence in achieving the group’s full-year 2022 commercial and corporate objectives following ‘an excellent start to year trading’.  Issuing a snapshot trading update, the FTSE250 gaming technology group revealed that positive Q1 trading had generated unaudited EBITDA results of more than €100 million, with the ‘run rate continuing through to April’.  Strong EBITDA …

Mor Weizer, Group Chief Executive of Playtech Plc, has revealed his intentions to help the bid of M&A suitor TTB Partners Limited, which seeks to acquire the FTSE250 gambling technology group.  The board of Playtech disclosed Weizer’s intentions in an update to investors regarding the firm’s current outlook and status. On 2 February, a collective of Asian investors, led by …

Playtech Plc has shed further light on yesterday’s general meeting of investors that failed to approve Aristocrat Leisure’s £2.7 billion offer to acquire the FTSE250 technology group outright – a deal recommended by the board of directors. Further to yesterday’s GM, Playtech’s board was contacted by Hong Kong investment fund TTB Partners Limited ‘on behalf of an investor group’. The …