Tag Archives: hong kong

Gopher withdraws from Playtech bidding war

Gopher Investments has withdrawn from its pursuit to acquire Playtech Plc, confirming that it will propose no counteroffer to investors of the FTSE250 gambling technology group. The Hong Kong investment vehicle that maintains a 5% shareholding in Playtech, had previously stated its intent to table a counteroffer against the £2.7 billion deal put forward by ASX games manufacturer Aristocrat Leisure. …

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Playtech confirms JKO approach as bidding war looms against Aristocrat takeover

The board of Playtech Plc has moved to confirm media speculation that it has been approached by a third suitor seeking to acquire the FTSE250 gambling technology group. This morning, Playtech governance confirmed that on 5 November, a ‘preliminary approach’ was made by JKO Play Limited, a consortium led by former F-1 team owner Eddie Jordan and Scientific Games executive …

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Playtech stands by Aristocrat deal as Gopher eyes bidding war

Playtech Plc has responded to media speculation regarding a counterbid that existing shareholder Gopher Investments will table to take control of the FTSE250 gambling technology group. This Sunday, Sky News reported that Gopher – a Hong Kong-based investment vehicle that maintains a 5% shareholding in Playtech – will launch an expected £3 billion counteroffer, triggering a bidding war against ASX …

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A step beyond: How NetShop ISP can ‘outrun’ the hosting services competition

NetShop ISP

Data center and web hosting services provider NetShop ISP can only “outrun” the immense competition for clients – including those active in the iGaming industry – by taking the next step beyond the end-product’s delivery. “Not only do we need to be ahead of the technology trends to support our customers, but we also have to compete on a daily …

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HKJC closes OCBBs amid rising public health concerns

The Hong Kong Jockey Club (HKJC) has confirmed that it has closed seven of its off-course betting branches (OCBBs) following a spike in coronavirus cases. Raising concerns over the ‘worsening COVID-19 situation in Hong Kong’, the HKJC emphasised that it is monitoring the situation to work out whether more OCBBs will be required to temporarily close. Services at OCBBs which …

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Hong Kong Jockey Club warns Betfair Australia as racing row escalates

The Hong Kong Jockey Club has demanded that Betfair Australia ‘immediately cease and desist’ from offering a betting exchange on Hong Kong racing over beliefs that offering such an exchange ‘represents a serious integrity issue’.  On 21 August 2019, Betfair Australia announced that it would be offering the exchange which was due to commence with the Sha Tin race meeting …

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Indian DFS scene faces GST tax conundrum

Indian business news sources have reported that the nation’s tax authorities are revising how to charge a ‘goods and services tax (GST)’ on the burgeoning Indian daily fantasy sports (DFS) industry. State level tax authorities are said to be reviewing whether to charge DFS operators on GST applicable to net commission earned from DFS games and prize pools, or whether …

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