Tag Archives: playtech

Playtech leads Fortuna upgrade, as betting group ups profile in new markets

FTSE gambling technology group Playtech Plc has confirmed that it will expand and upgrade its existing lead supplier relationship with Central and Eastern European (CEE) betting group Fortuna Entertainment Group.    Updating the market, Playtech announces that Fortuna has approved the roll-out of its ‘IMS – player management platform’ to be integrated across its properties operating in the markets of …

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Ader’s SpringOwl demands a Playtech ‘clean break from Teddy’

According to The Times, US activist investor Jason Ader has called on Playtech Plc to sever all ties with Israeli enterprise founder Teddy Sagi. During the course of 2018, Ader’s New York hedge fund SpringOwl Asset Management has been building up its investment in struggling FTSE250 Playtech Plc – demanding that the governance undertake a group-wide shake-up, boosting returns for investors. …

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PBS boosts in-store engagement through Build-A-Bet component

Playtech’s sports betting technology subsidiary Playtech BGT Sports has enhanced its in-store player engagement capacities by launching a new Build-A-Bet component within its BetTracker app. Launched in 2017, the BetTracker app allows client retail customers to place bets on SSBTs, whilst tracking their progress on mobile devices away from the shop. An industry first, the BetTracker app would bring new cash-out betting …

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Playtech confident of countering Asian headwinds to meet 2018 targets

FTSE250 gambling technology group Playtech Plc has this morning published its latest trading update informing investors that the company is on track to deliver its 2018 expected EBITDA range of €320-360 million. Issuing a short market guidance, Playtech governance details that its B2B Gaming Division continues to trade in line with the trends reported for its interim results in August, generating …

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SBTech appoints Jeremie Kanter as Chief Compliance lead

Sports betting technology supplier SBTech has this morning confirmed the appointment of Jeremie Kanter as its new Chief Compliance Officer (CCO). A seasoned industry executive Kanter joins SBTech’s leadership team from competitor Playtech Plc, where he most recently served as Head of B2C and Network Services compliance (2015-2018). SBTech confirms that Kanter will be based on the Isle of Man, …

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OPAP points to a bright future with terminal upgrades & Hellas pick-up

Publishing its 2018 interim results (period ending 30 June), Athens-listed gambling operator OPAP details strong progress on its ‘2020 corporate vision‘ as the company begins to benefit from its systems and network upgrades. Entering 2018, OPAP would undertake a group-wide overhaul of legacy systems and terminals in partnership with industry technology group Playtech Plc. In its update, OPAP governance details …

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Better Care… Playtech BGT appoints Gamestec as lead UK maintenance partner

Playtech Plc sports betting subsidiary Playtech BGT Sports has confirmed that Gamestec Playnation Group (Novomatic UK) will act as lead maintenance contractor for its UK betting terminal provisions. Updating stakeholders, Playtech BGT  confirms that Gamestec will now serve its entire UK 14,500 betting terminals portfolio, becoming its primary maintenance partner. The partnership will see Playtech BGT partners secure further operational support …

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Jason Ader demands that Playtech refocus on gambling

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

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Playtech offloads entire Plus500 shareholding

FTSE250 industry technology group Playtech Plc has confirmed this morning that it will sell its entire holding of ordinary shares in CFD trading platform Plus500. Updating investors, Playtech governance has sanctioned the sale of 11.4 million shares in Plus500, targeting a sale price of ‘1,550 pence per ordinary share’ – £176 million (€196m/$228m). Playtech’s current holding represents approximately 10% of Plus500’s issued …

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Playtech pushes on despite difficulties in Asia

Detailing its financial results for the six months to June 30, 2018, Playtech revealed that in spite of difficulties with its Asian operation, the firm’s overall revenue grew 4%. The gaming technology giant did however report a reduction in its EBITDA, which fell 13% to €145m, additionally, its adjusted net profit was €83.3m for the period, down 34 per cent …

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