Playtech shares rise as it plots €40m buyback after drop in profits February 21, 2019 British gambling software provider Playtech saw shares rise almost nine per cent today as it announced a €40m (£34.7m) share buyback scheme after full-year profits plummeted. Read more: Paddy Power buys stake in Georgia's biggest online betting firm The figures Total revenue for 2018 grew 54 per cent year on year to €1.24bn. But net profit slumped 50 per [...]
Playtech pays €28m to settle Israeli tax audit after shares shaken by Italy gambling tax January 2, 2019 Betting software firm Playtech has agreed to pay €28m (£25.2m) to settle a run-in with Israeli tax authorities. Israel had audited the company’s accounts between 2008 and 2017, with the additional tax payment covering this period. The company will face no penalties once it makes the payment in the next 30 days. The news comes shortly [...]
Playtech stabilises Asia gaming sales after dramatic summer slowdown November 12, 2018 Online gambling software supplier Playtech stuck to its most recent full-year forecast today, as sales in Asia stabilised. The FTSE 250 group said earnings before interest, tax, depreciation and amortisation (Ebitda) should hit between €320m (£279.2m) and €360m for 2018. The firm progressed in line with expectations in its B2B gaming division, the update for the second half of 2018 said, [...]
Playtech share price dips despite profit growth ahead of Plus500 acquisition August 27, 2015 Gambling software company Playtech reported strong growth in profits in its first half, ahead of its acquisition of Plus500. However, the company's shares dipped two per cent down in mid-morning trading. The figures Playtech reported revenues of €286m (£210m) in the six months to the end of June, a 33 per cent increase on the same period last year. Adjusted pre-tax [...]
Playtech profits grow ahead of Plus500 acquisition August 27, 2015 Playtech reports strong growth in profits ahead of its acquisition of Plus500 The figures Playtech reported revenue of €286m (£210m) for the first half of 2015, a 33 per cent increase on the same period last year. Adjusted net profit was up 19 per cent at €119m, compared to €96.8m in the first half of [...]
Plus500 shareholders give Playtech takeover the green light July 16, 2015 Plus500 shareholders have given the go-ahead to Playtech's £460m acquisition of the online spreadbetter. Read more: Watchdog must give its blessing to Plus500 deal Israeli online gambling firm Playtech's offer values Plus500 at 400 pence per share, some way below the 750 pence per share trading price the Aim-listed company enjoyed before freezing thousands of investors [...]
Playtech share price tumbles as it seeks £250m placing to fund Plus500 deal June 18, 2015 Shares in Playtech have tumbled after it revealed a share placing to help fund its £460m purchase of Plus500. The online gambling firm is seeking to raise £250m through the placing, which may also be used to fund further acquisitions. Shares tumbled as much as four per cent in early trading. "Playtech's enviable M&A track [...]
Odey Asset Management invites rivals to gatecrash Playtech’s takeover of Plus500 June 4, 2015 Plus500’s top shareholder Odey Asset Management yesterday rebuked a £460m deal for the company from Teddy Sagi’s Playtech and said it would welcome offers from rival bidders. Odey, which was founded by hedge fund investor Crispin Odey, has amassed a 25 per cent stake in the troubled spreadbetting company alongside JP Morgan, which owns [...]
Playtech makes £460m bid for Plus500: Boss Mor Weizer calls deal “immediately revenue enhancing” June 1, 2015 Playtech has announced that it is in the process of buying Plus500, in a deal worth nearly £460m. The online gaming firm said that it would pay 400p a share for the Israel-based and London-listed trading platform. The deal is expected to be concluded by the end of September. Plus500 has previously been [...]
Plus500 share price rises as Playtech buys trading platform for £460m June 1, 2015 Playtech has snapped up trading platform Plus500 for £460m, adding the spreadbetting platform to its online betting and gaming software business. Unperturbed by Plus500's recent headaches, which have seen UK customers' accounts frozen and its market value fall, Playtech chief Mor Weizer said the acquisition will help his company expand its wider offering. Plus500's share [...]