Tag Archives: FTSE

Strengthened Playtech focuses on customer ‘lock-in’ for 2017

Declaring its full-year 2016 performance, the governance of FTSE-listed Playtech Plc has stated that the firm will now concentrate on a ‘locking-in’ strategy having boosted its sports betting services and added new gaming inventory to its client portfolio. Posting its full-year 2016 financial summary, Playtech would declare increased corporate revenues of €708 million up 12% on corresponding FY 2015’s €630 …

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Paddy Power Betfair positive on 2016 performance despite unkind Q4 closing

FTSE-listed Paddy Power Betfair Plc (PPB) is the latest industry operator to fall foul of punter-friendly results recorded during Q4 2016. Issuing a trading update ahead of its full-year 2016 results on 7 March, PPB governance detailed that an unkind Q4 2016 closing had cost its operations revenue losses of £40 million on European football results and a further £5 …

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Betfred & GVC forgo platform partnership

Industry news sources have reported that Betfred and GVC Holdings (GVC) have terminated their planned platform partnership, just months before Betfred was due to begin its platform migration to GVC systems. EGR Magazine reports that the both Betfred and GVC governance have agreed by ‘mutual consent’ to terminate the partnership, first agreed in May 2016. Entering the partnership, Betfred had …

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Playtech hires Alex Latner as new General Counsel

FTSE-listed gambling technology provider Playtech Plc has confirmed that it has appointed long-term legal adviser Alex Latner as its new General Counsel.  Latner has prior experience of working with Playtech governance, having advised the company as a partner of London law firm Berwin Leighton Paisner (BLP) on several corporate acquisitions, important industry transactions and legal disputes. The appointment of Latner …

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Paysafe governance confident of outperforming 2016 revenue & earnings guidance

Issuing an ‘unaudited’ full-year trading update, FTSE 250 listed payment provider Paysafe Group stated that combined momentum of its enlarged group would see the firm exceed $1 billion in corporate revenues.  Updating investors, Paysafe governance stated that a strong second half to FY 2016 would see the company report top-line metric guidance towards the upper end of its corporate guidance. …

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Confident GVC ups 2016 special dividend

Updating the market this morning, the governance of FTSE-listed GVC Holdings declared that it expects corporate top line metrics of group net gaming revenues and clean EBITDA to be at the upper end of its FY 2016 forecasts. Issuing a short corporate statement, GVC governance moved to propose a 49% increase in its proposed 2016 special dividend to € 14.9 …

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Playtech targets €50 million in share buyback programme

FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …

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FTSE report names Paddy Power Betfair amongst UK best for female leadership opportunities

The Hampton-Alexander review, ‘FTSE Women Leaders Report’ on improving gender balance within UK FTSE enterprises has named Paddy Power Betfair in its top-20 companies for having amongst the highest proportion of females at a senior management level. The review led by Sir Philip Hampton and Dame Helen Alexander, researches the opportunities for female employees and their potential career progressions by …

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Saving to Spend – William Hill commits to digital turnaround

Publishing its corporate trading update (17-week period 29 June to 25 October) FTSE-listed bookmaker William Hill has declared that it expects its 2016 full-year operating profits to be ‘at the top end of previous £260-280 million guidance’. Updating investors, William Hill governance detailed that it has found a potential £30 million in ‘opportunities’ for group-wide operating efficiencies which governance will …

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William Hill & Amaya merger valued at £4.5-5 billion

UK business news sources have valued the potential merger of FTSE-listed William Hill Plc and Toronto TSX operator Amaya Inc at a combined value of £4.5-5 billion. On late Friday, William Hill and Amaya governances declared that they had entered initial talks discussing plans for an ‘all stock merger of equals’. The governances’ further detailed that the potential merger was …

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