Thursday, August 11, 2022

Playtech encounters delays in Plus500 acquisition


Playtech announced that it expects to complete its $105 million takeover of Ava Trade by the end of September or early October, but has encountered regulatory delays in its £460 million ($712 million) acquisition of Plus500 assets.

Playtech expects the Plus500 deal to be finalized by October but due to the profile of its acquisition the deal has met further regulatory assessments which will likely delay deal completion until November.

Playtech has assured investors that it is confident that its Plus500 deal will pass all assessments needed for completion. The Cyprus Securities and Exchange Commission has already given it the green light.

Aiming to further diversify its product range, Playtech has undertaken a series of acquisitions targeting the financial services sector.

Read more: https://www.sbcnews.co.uk/technology/2015/9/21/playtechs-plus500-acquis...

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief