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 [...]
Gaming software developer Playtech bets on a strong 2015 April 27, 2015 Isleof Man-based gaming firm Playtech yesterday said it had won big in the first quarter, with revenue up 31 per cent. Playtech, which develops online gaming and sports betting software, said – despite being impacted by the weakness of the euro – it increased revenues from regulated markets by 40 per cent for the three [...]
Playtech share price soars to all-time high as revenue and profits hit new record February 26, 2015 Gambling software firm Playtech posted record annual revenue and profits yesterday on the back of its acquisitions and partnerships, pushing its shares to an all-time high. The company reported a 24 per cent increase in revenue to €457m (£332.4m) and an adjusted profit up 28 per cent to €194m during the year to 31 December. [...]
Playtech snaps up Dundee-based Yoyo Games in $16m bolt-on acquisition February 16, 2015 Gambling software firm Playtech yesterday announced it has bought Dundee-based games platform developer Yoyo Games in a $16.4m (£10.6m) deal. Yoyo’s Game Maker: Studio software is currently used by over 750,000 developers creating multiplatform games for smartphones, PC or games consoles. Playtech said the Yoyo acquisition “will complete a three-pronged strategy into the casual games [...]
Idris Elba and PlayTech founder Teddy Sagi rock Gilgamesh in Camden February 4, 2015 The stars came out in Camden last night for a party thrown by PlayTech founder and Israeli billionaire Teddy Sagi. Star of The Wire Idris Elba was on hand in a natty beige trenchcoat to soak up the atmosphere and spin some tunes on the decks while Pixie Geldof followed in his footsteps to break [...]
Playtech share price falls after €315m bonds issue November 12, 2014 Shares in Playtech dived seven per cent this morning after it issued a €315m (£248m) convertible bond. The online gambling software company issued the five-year unsecured convertible bond to fund acquisitions and “organic opportunities” which it believes will create significant value for shareholders. The share conversion price is expected to be between 20 and 30 [...]
Playtech looks to boost its land gaming with €10.5m takeover September 2, 2014 GAMBLING software firm Playtech, whose shares leapt 8.6 last week after it reported soaring profits in the first half of the year, yesterday announced it had acquired two video lottery machine companies in Norway and Italy for €10.5m (£8.33m). Video lottery allows players to bet on the outcome of a video game, often replicating traditional [...]
Founder of tech firm Playtech pockets £326m March 5, 2014 THE 40-year old founder of gaming software firm yesterday pocketed £326m from selling 15 per cent of his stake in the firm. Israeli billionaire Teddy Sagi first offered a 10 per cent stake to the market on Tuesday evening, but demand was so great that by Wednesday morning he decided to sell 15 per cent, [...]