Mor Weizer – ‘Playtech have the Firepower and Appetite to do Buyouts.”

morweizerUK Newspaper the Daily Telegraph reported that Israeli based igaming software supplier Playtech may be looking to acquire business ventures in the coming months. Playtech may undertake a series of acquisitions in order to strengthen its existing portfolio of igaming products and services.

Speaking to the British newspaper CEO Mor Weizer commented that the management of Playtech were on the lookout for ‘transformational acquisitions in the gaming market.

Mr Weizer commended the performance of his staff and company management which had witnessed record performance in 2013. Weizer further added that the growth witnessed and the value gained by Playtech could lead to potential buyouts of other businesses or services. Mr Weizer wouldn’t comment on potential buyout targets but he added: “Definitely I think we have the firepower and appetite to do transformational buyoutsl.”

Playtech this past February unveiled a record dividend pay-out to shareholders for it’s 2013 performance, netting founder Teddy Sagi £76 million. The shareholder payout saw a special £100m announced at 34.1p per share dividend.

The pay-off will also feature a recommended final dividend of €45.2, which combined with the €22.8m interim payment will total a pooled dividend of €188.5m. The special dividend comes after the software supplier sold its 29% share in UK gambling operator William Hill digital division – William Hill Online.

Having sold its stake, Playtech are now working with William Hill competitor Ladbrokes Plc, helping the company turn around its online gambling division. Playtech acquired a 3% stake in the embattled operator in 2013 from investment bank Schroders.

In 2011 Ladbrokes and Playtech explored a potential merger, current market capitalisation sees Playtech worth £2.3 billion compared to Ladbrokes £1.4 billion

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