Tag Archives: playtech

Playtech registers Ceuta business subsidiary

Spanish news source eldiario.es has reported that FTSE250 gambling technology group Playtech Plc has formed a subsidiary unit within Spain’s autonomous city of Ceuta. Playtech the leading technology and systems supplier of tier-1 European gambling firms, is reported to have filed ‘Playtech Services Ceuta Sociedad Limitada’ with Ceuta’s business registry, disclosed by the city’s regulatory bulletin. As yet it remains …

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All-In Diversity Project launches annual diversity survey

Industry workplace diversity, inclusion and equality program The All-in Diversity Project has launched its second annual survey which will gather data to create its annual report, the All-Index.  The All-Index is used as a benchmark for diversity, inclusion and workplace equality across the gambling and iGaming industry, with over 50 firms now participating in the annual survey. Kelly Kehn, co-founder …

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B2B and SNAITECH growth gives Playtech confidence in future prospects

Publishing its 2019 interim results (period ending 30 June), Playtech Plc has underlined its confidence in delivering on full-year expectations and strategic targets. Recording a 68% increase in group revenues to €736 million (H12018: €436m), Playtech highlighted growth across its ‘Core B2B Gambling’ division and the integration of SNAITECH Italia assets as key performance drivers. The FTSE250 technology group detailed that …

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Sportech H1 2019 revenues hampered by “venues’ challenges”

International betting tech firm Sportech has published its interim results for the six months ended 30 June. The figures, which came in lower year-on-year, reflect an ongoing period of transition for the company as it moves towards a more digitized business, while removing cost to increase efficiencies. Revenue growth in Racing, Bump 50:50 and Lottery were all, it said, offset …

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Peter Mares: Going Native… How Playtech is helping the industry stay ahead of the Apple curb

Apple’s June 2019 app guidelines update has thrown a spanner in the works for industry development teams, as the tech giant states that only ‘native IOS’ apps will be allowed to index on its App Store. Peter Mares CTO of Playtech Games Innovation Labs details how the technology group has developed operating structures and functions to help its clients overcome Apple constraints …

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Playtech confirms Susan Ball governance departure

Issuing a short statement, FTSE250 gambling technology group Playtech Plc has informed that Susan Ball has chosen to step down as a company Non-Executive Director and member of the board. Updating stakeholders, Playtech governance confirms that Ball will officially leave her role at the end of the month, with the executive seeking to ‘pursue new business opportunities’. Ball has served …

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‘Deeper tech arrangement’ sees Playtech launch full casino suite across GVC properties

FTSE250 gambling technology group Playtech Plc has moved to strengthen its existing partnership with GVC Holdings, detailing that it has launched its entire casino content suite provisions across multiple GVC markets. The expanded agreement sees the UK, Spain, Italy and Georgia, become the latest markets in which GVC brands will service Playtech’s complete casino games portfolio. Replicating Ladbrokes and Coral …

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Playtech confident of 2019 prospects as governance seeks new Chairman

FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …

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SpringOwl targets restructuring Playtech’s executive pay policy

The Financial Times reports further boardroom drama brewing at FTSE250 gambling technology group Playtech Plc, as US hedge fund SpringOwl, pushes governance to restructure the firm’s executive remuneration policies Led by renowned activist investor Jason Ader, SpringOwl is reported to want Playtech governance to install a more incentivised executive pay package, structured on share options over cash rewards. SpringOwl’s reported …

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US thinking Playtech appoints Massion & Krumins as corporate advisers

The governance of FTSE gambling technology group Playtech Plc has moved to expand its corporate advisory, confirming the appointments of Anna Massion and John Krumins as new Independent Non-Executive Directors – with immediate effect. Updating investors, Playtech details that the Massion and Krumins appointments will diversify the FTSE firm’s corporate governance capacities and make-up. A seasoned executive in corporate finance …

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