Tag Archives: playtech plc

UKGC digital compliance lead Richard Bayliss joins Playtech Plc

FTSE-listed gambling technology provider Playtech Plc has confirmed the appointment of Richard Bayliss as its new Regulatory Compliance Manager. Bayliss joins Playtech’s group compliance team, from the UK Gambling Commission where he served as the UKGC’s Senior Online Manager (2006-2018). In his new role Bayliss will be a key corporate stakeholder in leading the direction of Playtech’s group responsible gambling initiatives and strategy. …

Read More »

Strengthened infrastructure delivers positive Q3 results for Greek OPAP

Publishing its Q3 2017 trading update (period ending 30 September), Greek gambling group OPAP has detailed strong gains in its betting products and video lottery terminals (VLTs) as the firm homes in on full-year corporate targets and expectations. Updating the market, OPAP would detail group gross gaming revenues of €357 million up 12% on corresponding Q3 2016’s €319 million. Improved …

Read More »

Teddy Sagi sells 10% shareholding in Playtech Plc targeting $400 million cashout

Playtech founder Teddy Sagi continues to divest his shareholdings in the company, having issued a trading note detailing that personal investment vehicle Brickington Trading Limited is preparing to sell approximately 32 million share in Playtech Plc. Updating investors, Brickington will place approximately 10.1% of Playtech issued share capital up for sale. At present value, Playtech Plc shares are valued at …

Read More »

Alan Jackson – Successful M&A and integrations will keep Playtech ahead of the pack

Ahead of today’s Annual General Meeting of Playtech Plc shareholders, company Chairman Alan Jackson has stated that he is confident that the FTSE firm will maintain its strong momentum and meet its full-year expectations. As Chairman, Jackson notes that the company has added a significant number of acquisitions which must now be integrated within Playtech’s core business divisions in order …

Read More »

Playtech completes CFH Group acquisition

Updating the market, leading industry platform and technology provider Playtech Plc has confirmed that it has completed its acquisition of Consolidated Financial Holdings A/S (CFH Group). Playtech governance had first announced its approach for CFH Group this November, with the company prepared to pay $120 million (£95 million) for the financial trading systems developer. Confirming its deal through a regulatory …

Read More »

Teddy Sagi cashes in on 10% of Playtech Plc

Financial news sources have reported this morning, that Teddy Sagi, founder of Playtech Plc has sold 10% of his equity in the FTSE-listed gambling technology supplier. The news sees Sagi one of the UK’s richest businessmen reduce his stake in Playtech from 33.6 to 23.6%. The sale transaction of 32.2 million shares will be carried out by Sagi’s investment firm …

Read More »

Playtech H1 2016 profits hit by significant sterling impacts

Significant sterling fluctuations have impacted Playtech Plc’s H1 2016 profit results, despite the FTSE-listed gambling technology provider recording continued top-line metric growth across its divisions. Presenting its H1 trading update (period ending 30 June) Playtech would declare a group EBITDA increase of 27% to €143 million (H1 2015: €112 million) on group revenues of €337 million (up 18% on H1 …

Read More »

Strong ‘Commercial Pipeline’ sees Playtech post 38% revenue surge in 2015

New client acquisitions, combined with the continued growth of Tier 1 UK digital accounts (Sky B&G, Gala Coral, Ladbrokes and Betfair) have helped Playtech Plc post full-year 2015 revenues of €630 million up 38% on 2014’s corresponding €457 million. Declaring 2015 corporate results (period ending 31 December), Playtech governance was pleased to announce top-line metric growth on all its core division. …

Read More »

Playtech appoints John Jackson as Board Remuneration Chairman

FTSE listed gambling technology provider Playtech has confirmed the appointment of John Jackson as new Chairman of the Board’s Remuneration Committee. Jackson who joined the company this January as a Non-Executive Director will take over the governance responsibilities from Paul Hewitt, who retains his position as Playtech’s Committee Chairman of Risk & Compliance. Releasing a short statement, Playtech governance further …

Read More »

Playtech revenues up 24% in record breaking 2014

iGaming technology supplier Playtech Plc reported a record breaking 2014, as the firm achieved record annual revenues and earnings, seeing growth throughout all of its product channels. 2014 full year results saw Playtech record a revenue increase of 24% €457 (FY 2013 – €367 million), the strong revenue performance translated to EBITDA profits of €207 million up 30% on 2013 …

Read More »