Tag Archives: playtech

Tekkorp Capital the online gambling investment fund led by Matt Davey (CEO) and Robin Chhabra (President), has bolstered its strategic advisory, welcoming industry figurehead Steve Schrier to its ranks.  An expert in the commercial development and planning of igaming enterprises, Schrier is the former Commercial Director and founding team member of Ash Gaming, an independent slot developer acquired by Playtech Plc …

In what may well be his last conference call as Group CEO of Playtech Plc, Mor Weizer highlighted to investors the firm’s dominance across nascent Latin American markets as the group’s joint-venture partnerships continue to dictate the state of play.  Weizer, who has chosen to freeze his leadership of the FTSE250 technology group to support the takeover by Hong Kong …

Playtech Plc has delivered 2021 results above its expected guidance, as the FTSE250 technology group continues to consider its long-term strategic options.  Updating stakeholders in its full year results for 2021, Playtech reported a 12% increase in revenue from €1,078.5 million to €1,205.4 million – driven by growth of its B2B and B2C units.  Revenue growth was coupled with a …

Gambling technology company, Playtech, has partnered with Betfred to introduce a new horse racing-themed bingo variant – Giddy Up Bingo. The launch has been described as a 50-ball, multi-stake variant which gives players the option to pick one of four horses – each representing a different ticket price – with proportionally increasing prizes depending on the stake.  Within the game, …

Mor Weizer, Group Chief Executive of Playtech Plc, has revealed his intentions to help the bid of M&A suitor TTB Partners Limited, which seeks to acquire the FTSE250 gambling technology group.  The board of Playtech disclosed Weizer’s intentions in an update to investors regarding the firm’s current outlook and status. On 2 February, a collective of Asian investors, led by …

GambleAware has published the list of operators which made financial contributions to the responsible gambling charity during the first three quarters of the 2021/22 fiscal year.  A total of £16 million was donated to the organisation by UK betting operators, which are requested to contribute 0.1% of their gross gaming yield to the group. Overall, bet365 led the donations list …

Playtech Plc has shed further light on yesterday’s general meeting of investors that failed to approve Aristocrat Leisure’s £2.7 billion offer to acquire the FTSE250 technology group outright – a deal recommended by the board of directors. Further to yesterday’s GM, Playtech’s board was contacted by Hong Kong investment fund TTB Partners Limited ‘on behalf of an investor group’. The …

Playtech and the Jockey Club have entered into a new strategic partnership, centred around the development of cross-product content.  The five-year deal will see Playtech produce content based on the Jockey Club’s network of racecourses and fixtures, with the firm having secured the rights to develop the features across its casino, live casino, poker, virtual sports and bingo verticals.  Brokered …

Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech. Issuing a statement this morning, Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of …

The board of Playtech Plc has this morning communicated that its designated £2.7 billion sale to Aristocrat Leisure will likely be rejected by shareholders. The statement follows proxy votes ahead of today’s official vote on Aristocrat’s bid, that have failed to meet the minimum threshold 75% of votes cast needed for Playtech governance to approve the transaction. ASX-listed Aristocrat began its …