Eddie Jordan's JKO Play abandons Playtech pursuit
The FTSE 250 gaming company has recommended an offer from Australia's Aristocrat Leisure but said it does not have "a clear understanding" of how much support it has from major shareholders
Company
Playtech PLC
LON:PTEC
The Group designs develops and licenses software for the gambling industry. The Group's principal software products are online casino online multi-player poker online bingo live videostream gaming fixed odds on games and land based kiosk networks.
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Eddie Jordan teams up with former Partygaming boss to work on Playtech bid - report
Playtech last week postponed a shareholder meeting required to approve the deal, moving the deadline to February 2
Takeovers of British companies hit record in 2021
Morrisons and Meggitt were subject to multi-billion-pound takeovers
Playtech braced for £3bn bid from Eddie Jordan
Interest in the company is high with several firms interested in a takeover
Playtech takeover battle heats up as third potential bidder enters fray
The gaming software company has received an approach from a consortium backed by former Formula 1 team owner Eddie Jordan
Playtech shares rise as rival takeover interest is confirmed
Early-stage talks are continued over a potential rival takeover approach.
Playtech receives premium priced takeover offer from Aristocrat Leisure
"This transaction marks an exciting opportunity in the next stage of growth for Playtech," said chief executive Mor Weizer
Playtech starts second half of financial year on front foot
The online and B2B segments have been performing well
Playtech reiterates online business currently very strong
B2B arm, in particular, is going well said the gaming business
Playtech sells financial arm for US$210mln, online growth remains 'very strong'
"This strength in B2B has led to Playtech as at the end of April, being ahead of its adjusted EBITDA expectations"
Playtech teams up with Holland Casino for online launch in Netherlands
The London-listed group will be the technology partner to facilitate the launch, which is slated for October
Playtech signs strategic US agreement with casino operator Greenwood Racing
The gambling software developer will licence its products in various states
Playtech shares boosted as 2020 results seen ahead of expectations
The company expects to report earnings (adjusted EBITDA) of €300mln
Playtech enjoys strong first half but says unlikely to be repeated in second
There was no comment about the restart of shareholder returns but instead management intends to make “selected high-return investments” such as in the US market
Playtech adds new business despite mixed trading during pandemic
Retail closures and the cancellation of sporting events hit performance, lifted by higher demand for online services
Playtech pulls dividend as gaming wobbles, financial trading surges
The live casino business, which requires a significant number of employees working in the same location, could be hit by social distancing measures
Playtech warns of “material impact” from COVID-19 on Asian, Italian business
Business started strongly in 2020 but in the last two weeks there has been a “material impact from changes in normal customer patterns due to COVID-19”
Playtech issues "little" profit warning
The white label gaming technology group said its TradeTech financial trading arm was likely to be “well below” expectations
Playtech halves interim dividend but pledges buyback as profits shrink
Management reiterated guidance for adjusted full-year underlying earnings (EBITDA) of €390mln-€415mln.
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