Tag Archives: playtech

Playtech confirms Finalto takeover approach 

Playtech Plc has entered discussions with an ‘Israel based consortium’ with regards to the sale of its Finalto financial trading unit.  The FTSE250 technology group issued a short statement confirming media speculation that it had entered talks to offload Finalto to a consortium formed by Barinboim Group, Leumi Partners Limited, The Phoenix Insurance Company Limited and Menora Mivtachim Insurance. Playtech …

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Playtech outrides hazardous 2020 ahead of consensus 

Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its  2020 activities, Playtech underlined that the company had …

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Norsk Tipping orders Playtech games and VLT upgrade

Playtech Plc has maintained a strong closing to its 2020 commercial activities, with long-term partner Norsk Tipping upgrading its existing technology services agreement between the two firms. Norway’s state-owned gambling operator has signed two new supplier agreements with Playtech for online casino and Video Lottery Terminals (VLT) products. The FTSE250 technology group cleared all Norwegian government procurement processes to become …

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Playtech seeks to relocate corporate residency back to the UK

The board of Playtech Plc has proposed to investors that the company transfers its tax residency and corporate controls back to the UK. The FTSE250 firm stated its intentions to relocate its corporate residency back to London from Douglas, Isle of Man,  as part of its 2021 strategy. Should the directive be approved, Playtech will seek to migrate its tax …

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Playtech strengthens eKYC capacity with Affordability UK

Playtech strengthens eKYC capacity with Affordability UK for critical 2021

Playtech will continue to support operators in meeting regulatory requirements after integrating Affordability UK into its Information Management Systems (IMS) platform.  Affordability UK is provided by eKYC and fraud detection specialists TruNarrative, extending the company’s partnership with Playtech to deliver a range of player onboarding and verification services. Ian Ince, Chief Compliance Officer at Playtech, commented: “As regulatory requirements around …

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Live dealer proving key cross-sell value – Andreas Koeberl on his first month at BetGames.TV

Koeberl

It is a disruptive time to join any company, particularly as CEO, but Andreas Koeberl (pictured above) is bullish about the future for BetGames.TV as he passes one month in the hot seat.   A former Playtech executive who most recently served as CEO of Trinity Bet Group, Koeberl spoke to SBC News about what’s stood out for him so far, …

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BoyleSports renews Playtech as lead igaming systems supplier

Playtech Plc has secured a ‘five-year extension’ to its existing lead igaming technology and systems supplier contract with BoyleSports, Ireland’s second-biggest betting firm. Updating the market, FTSE250 Playtech confirms that it will continue to serve as lead igaming platform and software supplier for BoyleSports’ regulated UK and Ireland markets presence.   BoyleSports will continue to be serviced by Playtech’s ‘full igaming …

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SBC Magazine Issue 11: Ralph Topping, SPACs and the best way to spend £100m

Kicking off Issue 11 of SBC Magazine, we have an exclusive interview with former William Hill CEO Ralph Topping, who reflected on his journey from a part-time cashier in one of Glasgow’s independent betting shops to the boardroom of William Hill. He looked back on the ways that UK betting shops have evolved in recent years and how bookmakers have …

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Betfred enters High Court dispute over £1.7m payout infringement

Betfred has entered a UK High Court dispute over refusing a £1.7 million jackpot pay-out to a customer on the grounds that its casino game had suffered a ‘software malfunction’.  The lawsuit was filed by Andy Green from Lincolnshire who hit the jackpot in 2018, wagering on the Playtech-licensed ‘Frankie Dettori Magic Seven Blackjack’ game.  Betfred is reported to have …

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Playtech expands Bucharest studio to accommodate global demand

Supporting ‘increased demand across all active markets’, Playtech Plc has moved to expand its Romania live casino operations. The FTSE250 technology group has operated its custom-built Bucharest-based studio since 2017, launching the facility to accommodate increased live casino demand across western European markets. Playtech’s dedicated studio space is currently home to a range of blackjack, roulette and baccarat Live tables, …

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