Playtech’s legal spat with rival deepens after publication of secret report Tech Playtech’s long-running legal feud with rival Evolution has deepened after the gambling software firm claimed a previously-hidden report proved its competitor was “problematic” and made money in banned markets. The London-listed firm has been in fierce spat with Evolution since 2020 when Playtech hired an intelligence firm to investigate its Swedish rival. But new proceedings [...]
Playtech shares tumble after firm becomes embroiled in US lawsuit Markets Shares in Playtech tumbled on Tuesday after it emerged the gambling software firm had become embroiled in a US defamation lawsuit. The FTSE 250 firm has been named as the company behind a 2021 investigative report which made a string of misconduct allegations against its Swedish rival, Evolution. Playtech is understood to have commissioned Israeli [...]
Satsuma Technology beefs up top team with ex-PlayTech hire Tech Satsuma Technology named its new chief financial officer on Tuesday as part of a plan to beef up its top team. The London-listed group – which provides subnet infrastructure and develops specialised AI agents – appointed Andrew Smith as its new finance boss. Smith had served as chief financial officer for FTSE 250 firm Playtech [...]
FTSE 100 Live: Trainline stock soars, BP and Shell edge higher September 11, 2025 Good morning from the City AM liveblog team. Shares in Shell, BP, Playtech and Trainline were among the biggest risers in the London markets this morning, after the latter two reported earnings that sailed past analyst expectations. The government’s growth ambitions were dealt another hammer blow last night, after US pharma giant Merck pulled the [...]
Mark Kleinman: BP bid may be more likely from Exxon than Shell May 15, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column BP bid may be more likely from Exxon than UK rival Shell Takeover rumours in the London market don’t come with a more spectacular veneer than when they’re attached to BP. Unfortunately for Murray Auchincloss, the [...]
Playtech stock plummets 60 per cent following dividend payout May 8, 2025 Playtech’s stock price has crashed more than 60 per cent following the payout of a special dividend worth close to two thirds of its market capitalisation. The gambling software firm paid out almost £1.5bn as a special dividend from the sale of its Italian consumer arm Snaitech to Flutter during last year. As a result, [...]
Playtech set to issue ‘beast of a dividend’ following Snaitech sale March 27, 2025 Gambling software firm Playtech is set to issue what analysts have described as a “beast of a dividend” later this year, as the sale of Snaitech reaches close to completion. Playtech agreed the sale of its Italian arm Snaitech to Flutter during last year for €2.3bn (£1.92bn), distributing most of the proceeds from the sale as a [...]
Playtech: Gambling giant’s chair steps down after action-packed tenure January 29, 2025 The chair of Playtech is to step down following an action-packed tenure at the London-listed gambling tech firm. Brian Mattingley will depart after nearly four years at the helm, but will stay in his role for a few months as the search for a successor gets underway. In a statement to markets, Playtech, which was [...]
Playtech upgrades guidance as B2B business grows amid Snaitech sale September 30, 2024 Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]
Playtech sells Italian arm to Flutter for £2bn September 17, 2024 London-listed gambling tech provider Playtech has agreed to sell its Italian gaming arm Snaitech to Flutter Entertainment for €2.3bn (£1.9bn). Playtech first confirmed discussions with Flutter, the owner of Paddy Power and Betfair, in August. The deal values Snaitech at a significant premium to Playtech’s market capitalisation as of 13 August, the last date before negotiations [...]