Tag Archives: yoyo games

Playtech outrides hazardous 2020 ahead of consensus 

Playtech Plc has published a trading update informing investors that its full-year 2020 corporate performance is expected to be ‘ahead of market consensus’. The FTSE250 technology group anticipates reporting a ‘solid financial performance for 2020’ through delivering an adjusted EBITDA expected to be ‘at least €300 million’. Providing a review of its  2020 activities, Playtech underlined that the company had …

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Playtech offloads casual games subsidiaries 

Playtech Plc has offloaded its casual games subsidiaries FTX Games and Plamee Studios to US games publisher Tilting Point, following an undisclosed agreement. Games news sources report that Tilting Point has agreed to take over all major IPs and key employees of FTX Games and Plamee. In 2014, Playtech launched its Plamee casual games studio, a subsidiary division formed by …

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Playtech targets casual games market with Funtactix purchase

Playtech has unveiled a strategic plan to significantly increase its market share of the IP-based casual games market. This initiative follows the acquisition of Funtactix, an award-winning publisher of film and television-based games. Funtactix has built a reputation in Hollywood and with gamers for delivering casual game experiences based on the most popular entertainment franchises including The Hunger Games, Mission: …

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Playtech acquires Yoyo Games for $16.4 million

igaming software supplier Playtech has confirmed the acquisition of Scottish social/casual games provider Yoyo Games for a deal estimated to be worth $16.4 million (£10.6 million). The acquisition of Yoyo games sees the leading igaming software supplier enter the burgeoning social games market. Under the deal acquisition terms Playtech is set to offer 30% of the deal value under an …

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