JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …
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Italy’s ADM – Customs and Monopolies Agency – has announced that it will launch a new app to inform the general public of all necessary information related to licensed gambling operators (retail and digital). Titled ‘Gioco Sicuro’ (Safe Play), the app will be launched this November on IOS and Android stores. The ADM has disclosed that the app will “allow …
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Sports betting software and online gaming supplier Playtech is set to be purchased by Australian-listed gaming manufacturer Aristocrat Leisure, which has announced a cash offer of £2.7 billion for the FTSE250 technology group. Aristocrat aims to leverage the company to boost its revenues, ‘operate and innovate’ in the European market through the acquisition’s Snaitech division, reach a broader range of …
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Playtech Plc has highlighted a ‘very strong performance’ for its B2B verticals throughout the first half of 2021, achieving objectives across three continents, despite experiencing a 4% decline in revenue. Informing stakeholders in its interim trading report and following on from its July update, the FTSE 250 gaming technology group detailed that total revenue had fallen to €457.4 million (H1 …
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Italian sports betting operator HappyBet has partnered with AC Milan, becoming the official betting partner of the Serie A club in Germany and Austria. The betting subsidiary of the Snaitech group, one of the leading incumbents in the Italian betting and gaming sector, HappyBet has detailed its commitment to place innovation ‘at the heart of the collaboration’. Under the terms …
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Italy’s Customs and Monopolies Agency (ADM) has confirmed that sports betting concessions will be extended until 31 October. The decision was authorised following an ‘in-depth assessment’ taken by the Ministry of the Economy to ‘apply a reprieve’ on betting licences that were due to expire at the end of June. Last year, at the peak of Italy’s COVID-19 outbreak, the …
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“Covid has taught us to think flexibly and react quickly using all the possible tools in a creative way,” said Snaitech CEO Fabio Schiavolin, as he told SBC Leaders about adapting his approach to leading the Italian multichannel operator through the pandemic. The exclusive interview with Schiavolin kicks off the final 2020 issue of the publication, formerly known as SBC …
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Italian online gambling incumbents have received some welcome news as Rome’s Lazio TAR Administrative Court sides with Betway, Sportpesa, Nexigames and Snaitech in their appeals against Italy’s ADM Customs and Monopolies Agency. The operators had lodged separate TAR appeals against the ADM, as the regulatory body had failed to provide assurances that they would be able to reapply for licensing extensions. …
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COVID has undoubtedly had far-reaching implications for the betting industry across the world, putting a halt on live sporting events and – according to Fabio Schiavolin, Chief Executive of Snaitech – accelerating the migration of customers from retail to online betting. Delivering his keynote speech on day one of Betting on Sports Europe – Digital 2020, Schiavolin touched on a …
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Playtech Plc will trade with caution for the remainder of 2020, as its business units emerge from a ‘disrupted period’, with its corporate outlook dependent on further COVID-19 outcomes. Publishing its 2020 interim results (period ending 30 June), Playtech recorded a 23% drop in corporate revenues to €564 million, (H1 2019: €728m) as the FTSE250 technology group absorbed a series …
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