Tag Archives: FTSE

Playtech strengthens sports leadership team with three senior appointments

Playtech has moved to strengthen its sports betting senior management team, announcing a trio of leadership appointments, ahead of a set of large-scale ‘Playtech ONE’ projects and following its acquisitions sports software provider BGT. The FTSE-listed gambling technology provider has confirmed the appointments of Richard Andrew as new Playtech Sports Chief Operating Officer (COO), joining from The Hong Kong Jockey Club, …

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888’s Itai Frieberger dismisses Rank merger speculation

Having reported a ‘record breaking’ revenue performance for its H1 2016 results, the governance of 888 Holdings (888) has dismissed industry rumours of a potential merger with Rank Group (Rank). Following the failure of a Rank-888 joint consortium takeover bid for William Hill valued at £3.4 billion, the betting industry has been rife with rumours of a potential + £1.6 …

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888 declares ‘outstanding performance’ as company hits record revenues for H1 2016

Publishing its half year 2016 results (period ending 30 June), 888 Holdings governance has declared a record revenue performance driven by ‘outstanding casino and sports growth’. The FTSE-250 operator would post group revenues of $262 million up 19% on corresponding H1 2015’s $220 million. The firms record-breaking revenue performance would translate to a period EBITDA of $38 million (H1 2015: …

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William Hill rejects ‘risky’ Rank-888 consortium bid

The board of William Hill Plc has moved to reject the £3.3 billion takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings. Quick to reject Rank and 888’s offer which was formally issued this afternoon, William Hill governance stated that the proposed deal ‘substantially undervalued’ its corporate enterprise, choosing not to forward the bid to its …

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William Hill aims for digital turnaround following ‘extremely challenging’ H1 2016

A better than expected Euro 2016, which generated £36 million gross-win has helped William Hill Plc steady its 2016 financial performance, following its worst ever Cheltenham Festival results. Presenting its H1 2016 results (period ending 30 June), William Hill governance stated that the company remains on track to hit its revised full-year guidance of £260-280 million. The FTSE-listed operator would …

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William Hill governance questions ‘superior value’ of a Rank & 888 consortium bid

Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …

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Rank & 888 merger targets £3 billion William Hill takeover

The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …

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Playtech strengthens corporate advisory with Claire Milne appointed new Non-Executive Director

FTSE-listed gambling technology provider Playtech has strengthened its corporate advisory by confirming Claire Milne as an Independent Non-Executive Director. Milne a gambling and technology legal expert will advise the Playtech board on regulatory compliance as the firm seeks expand its services within new and related sectors.   Milne currently serves as a Senior Partner for Isle of Man law firm …

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No Deal! Paysafe Group hit by shareholder revolt of executive pay scheme

Online payment provider, Paysafe Group Plc (Paysafe) has become the latest FTSE-listed company to face a shareholder dispute regarding executive pay.   Despite governance announcing on Wednesday that the company was outperforming its market guidance, 52% of shareholders voted against Paysafe’s executive payment scheme at the firm’s annual general meeting. It is understood that Paysafe investors are unhappy with CEO …

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Playtech ends quarterly FTSE reporting

Updating the market FTSE 250 listed gambling technology provider Playtech Plc has announced that it will no longer issue updates on its corporate performance for first and third yearly quarters. The decision taken by Playtech governance will see the firm issue market updates on a half year performance basis. Playtech Plc’s decision to limit its corporate reporting follows the same …

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