Tag Archives: playtech

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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Playtech to recruit Ian Penrose as governance advisor building ‘US Vision’

The Sunday Times has this weekend reported that Playtech Plc is set to recruit former Sportech Plc Chief Executive Ian Penrose as a non-Executive Director advising the FTSE250 technology group on its US market expansion strategy. Penrose is considered one of the leading industry figureheads on US sports betting, having led racing systems provider Sportech Plc’s North American corporate transformation …

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Winning Post – Deals continue to be secured in the US market

US - Copyright: stillfx / 123RF Stock Photo

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. US: post PASPA positioning – first mover advantage? It has been a very busy week of deal-making, launches and planning in the US, as well as the Q2 reporting season. The biggest …

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Playtech confirms the departure of Paul Hewitt as corporate advisor

FTSE250 gambling technology group Playtech Plc has confirmed the departure of Paul Hewitt as a corporate non-executive director. A veteran in corporate financing Hewitt joined the FTSE enterprise in 2015, advising Playtech governance and leadership on capital structures, large-scale growth planning and M&A strategies. Hewitt is set to join the board of UK consumer finance and insurance group Provident Financial …

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Winning Post – A boost for British horseracing

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. K: betting on horseracing – 2017-18 Levy, the last hurrah? The GB Horserace Betting Levy Board reported an annual income of £95m in 2017/18. This represents a 46% increase on the previous …

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Playtech ‘squeeze-out’ marks final days of Snaitech as a Borsa Milan enterprise

Updating the market, FTSE250 technology group Playtech Plc has confirmed that it will ‘squeeze-out’ the remaining minority 3.5% shareholding in Snaitech SPA, moving to obtain the full operating equity of the Italian betting group. Following the closure of its £845 million acquisition of Snaitech (deal officially completed in June 2018), Playtech currently holds 96.5 % stake in the Milan-listed enterprise. Playtech’s …

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