TikTok tries to avoid US ban by offering lawmakers assurances over data sharing and security concerns TIktok ban TikTok has proposed allowing US officials access its algorithms in an attempt to avoid a statewide ban. In the last few months, American lawmakers have attempted to ban the video based social media platform, after FBI Director Christopher Wray said that TikTok poses national security risks in November. In the last week, over 20 US [...]
London’s unicorns: City’s tech start-ups are bringing in the big bucks TECH CITY London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
New Harry Potter game lets players pay to kill, torture characters Online Safety Hogwarts Legacy, an upcoming video game unveiled features that allow users to buy in-game access to murder and torture spells. Avalanche Studios, the game’s developers, released promotional material earlier today, introducing a pay-to-play feature of the Harry Potter spin-off. In the “battle arena” segment of the game, players will be able to try out “spells” [...]
Playtech finance chief steps down due to ‘personal reasons’ November 1, 2022 The chief of finance at Playtech will step down at the end of this month due to “personal reasons”. The gambling software firm said in an announcement that Andrew Smith, Chief Financial Officer and Executive Director, would leave his positions on 28 November. Brian Mattingley, Chairman of Playtech, said in a statement: “Andy has played [...]
Playtech registers ‘ahead of expectation’ performance as earnings up 64 per cent September 22, 2022 Playtech’s registered a “ahead of expectations” performance driven by growth in both the Americas and Europe. For the six months ended 30 June, the gambling developer posted an adjusted EBITDA of £178m (€203.8m), up 64 per cent on last year’s levels. The company’s revenue went up 73 per cent to €792.3m, while its adjusted post-tax [...]
Ex-F1 boss Eddie Jordan mulls second approach for Playtech July 17, 2022 Ex-Formula One team boss Eddie Jordan is reportedly considering a second approach for gaming software firm Playtech. JKO Play, a consortium led by Jordan and gambling executive Keith O’Loughlin, came close to making a 750p per share offer for Playtech, but pulled out of the bidding process in January. It is understood, however, that JKO [...]
Playtech plunges after Hong Kong bidder backs out July 14, 2022 Playtech said Hong-Kong firm TTB remains supportive of the board despite failed takeover talks because of "challenging underlying market conditions".
Playtech’s revenues climb thanks to Americas and B2B boom March 24, 2022 Gambling software development firm Playtech reported strong full year results this morning, with group revenue up 11 per cent to €1.21bn, driven by B2B online growth, particularly Latin America. Its strong online performance offset the impact of lockdowns and drove B2B revenue growth of 11 per cent at constant currency to €554m. Americas revenue grew 64 [...]
Playtech mulls breaking up to sell off parts if Aristocrat takeover fails January 25, 2022 Playtech is reportedly considering breaking up and selling off its operations, if the £2.7bn takeover by Australia’s Aristocrat falls through. The deal risks being blocked by a group of Asian shareholders, according to Sky News’ Mark Kleinman last night, a collective which own around a quarter of Playtech’s stock. The London-listed online gaming group sold [...]
Playtech delays takeover decision as bidding war looms January 5, 2022 Playtech has delayed a shareholder vote on a takeover today as a potential bidding war looms.