Tag Archives: mor weizer

Playtech wins News UK bingo supplier contract

Playtech online bingo software subsidiary Virtue Fusion has announced that it has won the supplier contract to operate News UK brands’ ‘Sun Bingo’ and ‘Fabulous Bingo’. Virtue Fusion will replace long time supplier Gamesys (since 2008) as the bingo network for News UK bingo brands. The partnerships sees the Virtue Fusion network gain one of the UK’s largest bingo rooms, …

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Playtech continues its strong 2015 momentum with 47% Q3 revenue rise

Issuing a Q3 2015 trading update, Playtech Plc announced metric growth in all key verticals (apart from online poker), as the FTSE listed gambling technology provider recorded a 47% rise in group revenues to €170.9 million (Q3 2014: €116.5 million). The gambling technology provider continues its strong 2015 momentum, recording 21% revenue uplift to €75 million for its online casino …

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Playtech sees first rewards from Ladbrokes Gala Coral merger agreement

Playtech will become the first winner of the Gala Coral Ladbrokes merger as the gambling technology provider is set to receive £75 million under a new marketing services and provisions agreement arranged with Ladbrokes Plc. The £75 million sum will be paid to Playtech upon the completion of the merger. At present the technology firm currently acts as platform and …

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Playtech continues FX expansion with Ava Trade $105 million acquisition

Gambling technology provider Playtech Plc continues its expansion into the financial trading markets, with the announcement that it has acquired currency trading platform Ava Trade for a sum of $105 million (£67 million). The technology provider will utilise the acquisition to expand the development of its financial trading platform and further its client services. In April Playtech began its initial …

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Playtech plans £250 million fundraise for Plus500 acquisition

Igaming technology provider Playtech has announced that it plans to raise £250 million to fund its planned £450 million acquisition of financial trading platform Plus500. Playtech is prepared to sell +29 million new shares, an equivalent of a 9.9% stake in the company. Playtech founder Teddy Sagi will retain 33% holding in Playtech via Brickington Holdings Company, Sagi is prepared …

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Playtech agrees to acquire Plus500 trading platform for £460 million

Igaming technology supplier Playtech has confirmed the agreed acquisition of  financial trading and spread betting operator Plus500 for a deal value of £460 million. The acquisition of Plus500, sees Playtech increase its profile and services within the financial trading sector, having acquired forex and binary trading specialist Trade FX for £140 million in April of this year. At present Plus500.com has frozen its …

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iGaming Expert Panel & Demo Room take centre stage at Gaming In Holland Conference

Gaming In Holland – announced two major initiatives are taking place at this year’s conference. The first is the iGaming Expert Panel sessions discussing ‘The Future of the Dutch Regulated iGaming and Lottery market’.  In which an international line-up of keynote speakers that include:- Walter Bugno, CEO of GTECH Lottomatica, Mor Weizer, CEO of Playtech, Joe Saumarez Smith, Chairman Bedegaming and NED Horseracing Authority. The top …

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Playtech posts Q1 2015 revenue uplift with new clients & services

FTSE 250 listed igaming technology supplier Playtech posted its 2015 opening quarter performance, reporting top line metric growth on all key verticals as the operator extended its technology provisions and signed new customers in the period. In what has so far been a tough first quarter for online gambling operators who have faced increasing tax costs and unfavourable sports result …

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Playtech to hire 600 staff as it prepares for major omni-channel push

Industry leading software and services provider Playtech, has announced today that it is looking to add a further 300 employees to its 4000 global workforce in the next eight months, as the company looks to roll-out several large scale omni-channel projects in the UK and emerging markets. Playtech has outlined that it will look to significantly grow its investment and …

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Legislation & Lottery to come under the spotlight at Gaming in Holland Conference

Gaming in Holland today confirmed that this year’s conference topics shall spotlight separate sessions dedicated to secondary iGaming legislation and lottery modernization. Confirmed keynote speakers include: Mr. Walter Bugno President and CEO of GTECH International; Mr. Mor Weizer, CEO of Playtech Plc; Mr. Mark Davies, Managing Director of Camberton PR, member of Betfair founding management team and several key Dutch government officials …

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