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Retail FX
News Nuggets | 23 March: ZuluTrade's New License; Playtech's Results
Also FPMarkets, FTX, TrioMarkets, eToro, Coinbase, and more.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 23/03/2023 | 09:54 GMT
by
Finance Magnates Staff
FinTech
Playtech Generates €1.6B Revenue in 2022 as B2B Markets Pick Up
It ended the year with an adjusted EBITDA of €405.6 million.
Its Italian subsidiary, Snaitech generated 39 percent higher adjusted EBITDA.
Thursday, 23/03/2023 | 08:48 GMT
by
Arnab Shome
FinTech
Playtech Expects to Close FY22 with at Least €400M EBITDA
The company brought in €203.8 million in EBITDA in H1 2022.
It is benefiting from the growth of B2B and Snaitech businesses.
Thursday, 26/01/2023 | 09:43 GMT
by
Arnab Shome
Retail FX
Exclusive: Finalto Gets New Group CEO as Hoffman and Greenbaum Depart
Both executives worked for Finalto for over seven years.
Matthew Maloney is now the new Group CEO.
Friday, 04/11/2022 | 15:55 GMT
by
Solomon Oladipupo
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Executive Moves
Playtech Names Chris McGinnis CFO as Andrew Smith Resigns
McGinnis will take over the new role on 28 November.
He joined Playtech in June 2017.
Tuesday, 01/11/2022 | 11:54 GMT
by
Arnab Shome
News
Playtech’s Refinancing to Result in €20M Annualized Savings
It has amended €277 million RCF until October 2025.
The refinancing was possible with the company’s strong balance sheet and cash generation.
Wednesday, 12/10/2022 | 10:36 GMT
by
Arnab Shome
News
Playtech’s Revenue Climbs 73% YoY in H1 2022
Adjusted EBITDA reached €203.8 million during the first half of 2022.
The sale of Finalto was completed in July 2022.
Thursday, 22/09/2022 | 08:09 GMT
by
Bilal Jafar
News
TTB Partners Withdraws from Playtech Takeover Bidding
The company cited “challenging underlying market conditions” behind its decision.
Earlier, Playtech shareholders rejected a £2.7 billion takeover bid from Aristocrat Leisure.
Thursday, 14/07/2022 | 06:48 GMT
by
Arnab Shome
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Retail FX
Playtech Completes $250M Finalto Sale to Gopher Investments
The proceeds will be used to repay the outstanding balance of Finalto’s revolving credit facility.
Finalto now has to pay an $8.8 million breakup fee to the Barinboim-led consortium.
Monday, 11/07/2022 | 10:59 GMT
by
Arnab Shome
Retail FX
Playtech Now Expects to Close Finalto Sale by Mid-July
The company previously targeted to close the deal by June 30.
It is selling the financial division to Gopher for $250 million.
Friday, 01/07/2022 | 06:35 GMT
by
Arnab Shome
News
TTB Given Deadline Extension for Confirming Playtech Acquisition Bid
Now, the deadline is until 5 pm on July 15.
The two have been discussing the deal for months now.
Friday, 17/06/2022 | 07:13 GMT
by
Arnab Shome
News
Playtech Receives Regulatory Approvals for Finalto Sale
The company is targeting to close the deal with Gopher by 30 June 2022.
Gopher offered $250 million for Finalto in an all-cash deal.
Wednesday, 15/06/2022 | 07:06 GMT
by
Arnab Shome
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News
Playtech Wants TTB’s Takeover Confirmation by June 17
The deadline has been kicked after restrictions of TTB expired.
The talks are still ongoing after 15 weeks.
Friday, 20/05/2022 | 07:15 GMT
by
Arnab Shome
News
Playtech and Paysafe Extend Partnership, Target European Markets
They are already collaborating in the United States.
Playtech is offering Paysafe’s payments services through its technology offerings.
Monday, 09/05/2022 | 10:26 GMT
by
Arnab Shome
News
Playtech Sees Adjusted EBITDA of over €100 Million in Q1
The Board is bullish on the company's 2022 performance.
There were also positive talks on Playtech’s potential acquisition deal.
Thursday, 05/05/2022 | 07:05 GMT
by
Arnab Shome
News
Playtech Sees 12% Jump in 2021 Revenue, Profit Soars
Business went up in both B2B and B2C divisions.
The company focused on its US strategy and expansion in Latin America.
Thursday, 24/03/2022 | 08:05 GMT
by
Arnab Shome
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News
Playtech’s Former CEO Dismisses Allegations
Recently, Playtech shareholders stopped Aristocrat's £2.7 billion acquisition bid.
Tom Hall dismissed allegations over a group of Asian investors as ‘rubbish’.
Saturday, 05/03/2022 | 10:09 GMT
by
Bilal Jafar
News
Playtech CEO Wants to Join TTB Investor Group for Takeover Bid
The company has removed the bidding restriction on TTB.
It is yet to receive any formal offer after Aristrocat’s rejection.
Monday, 21/02/2022 | 13:36 GMT
by
Arnab Shome
News
Playtech Receives Acquisition Bid Approach from Gopher-Parent TTB
Playtech shareholders recently rejected Aristocrat £2.7 billion bid.
Earlier, Gopher showed interest in acquiring Playtech.
Thursday, 03/02/2022 | 08:18 GMT
by
Arnab Shome
News
Playtech Shareholders Stop Aristocrat's £2.7B Acquisition Bid
56 percent of Playtech shareholders approved the deal, but it needed 75 percent.
The company already anticipated this fate after proxy voting results.
Wednesday, 02/02/2022 | 14:08 GMT
by
Arnab Shome
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News
Playtech Raises Concern over Aristocrat Bid Clearance
The board is considering alternative proposals for selling the company.
The Finalto acquisition deal will be closed in Q2 of 2022.
Wednesday, 02/02/2022 | 09:02 GMT
by
Arnab Shome
News
JKO Withdraws from Race to Acquire Playtech
Aristocrat Leisure is now the only bidder for Playtech.
Playtech shareholders will now vote on the offer on February 2.
Friday, 21/01/2022 | 08:05 GMT
by
Arnab Shome
News
Playtech Partners with Canadian Betting Firm NorthStar Gaming
The gaming company will implement Playtech’s IMS platform.
Also, Playtech is expanding into the neighboring United States.
Tuesday, 11/01/2022 | 12:41 GMT
by
Arnab Shome
Institutional FX
Aristocrat’s £2.7Bn Takeover of Playtech Faces Delay amid JKO Interest
Aristocrat’s bid to acquire Playtech faces delay.
Playtech postpones the takeover amid ongoing JKO interest
Wednesday, 05/01/2022 | 20:07 GMT
by
Nicholas Otieno
ADVERTISEMENT
News
Playtech Expands in US with Two Casino Facilities Launch
The facilities have been launched in the state of Michigan and New Jersey.
It has plans for strategic expansion in the country.
Friday, 24/12/2021 | 10:16 GMT
by
Arnab Shome
Next
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